Germany-based semiconductor manufacturer Infineon Technologies promoted former spokesperson of the management board Peter Bauer to chairman of the board, effective immediately. The appointment comes after CFO and labor director Marco Schroter left the management board due to differences in opinion over the future company policy. Bauer will transitionally take over the role of CFO until Schroter's successor is appointed. The role of the labor director with responsibility for Human Resources will be assumed on an interim basis by board member Reinhard Ploss. The news comes two days after Infineon confirmed the company is in advanced talks on a possible sale of its Wireless Solutions business.
