Carlyle VC Fund Hires Advisor

LONDON -- Global private equity firm, The Carlyle Group, announced today that Dr Ulrich Schumacher, president and CEO of German semiconductor company Infineon Technologies, will join the advisory board of the firm's €650 million venture capital fund, Carlyle Europe Venture Partners. Dr Schumacher, 44, is well known within the technology community as a dynamic and visionary business leader. In April 1999, he established Infineon Technologies as an independent business when it was spun-off from Siemens and then led the company onto a successful IPO in March 2000. Dr Schumacher was previously president and CEO of Siemens' semiconductors division and has been a member of the managing board of Siemens AG since 1998. After completing his doctorate in engineering at the RWTH institute of technology in Aachen, Germany, Dr Schumacher began his career at Siemens in the components group in 1986. By the following year he was appointed group manager of equipment and systems for group tests and then moved into the semiconductors group as the assistant to the CEO. His career progressed through a number of further roles, leading to his appointment as president and CEO of the semiconductor group in 1996. "It will be a great benefit to us and our portfolio companies to be able to draw on Ulrich Schumacher's extensive experience in the technology marketplace. His perspective on the growth and development of future technologies will be of enormous value and we are delighted to have him join our advisory board," said Dr Wolfgang Hanrieder, a managing director of The Carlyle Group, who leads venture capital operations together with Jacques Garaialde.Carlyle Venture Partners