MUNICH, Germany Only four months after hiring Ruediger Guenther as Chief Financial Officer, Infineon apparently tries to get rid of him. Press reports here cite his 'authoritarian management style' as the reason.
In its Monday (July 30) meeting, the Infineon supervisory board has suggested Guenther to cancel his employment contract, sources close to the company said. Officially, Infineon does not comment the topic.
According to media reports, the Infineon board is unsatisfied with Guenther's management style and his professional competence. "It makes a difference whether you are working for an agricultural machines manufacturer or a semiconductor vendor", quotes Financial Times Deutschland an unnamed Infineon insider.
Before he joined Infineon, Guenther was chairman of the board at farm machines vendor Claas KGaA. He was appointed CFO of Infineon in February as successor to industry veteran Peter Fischl who retired. Guenther took up his employment for Infineon in April.