MUNICH -- Dr. Wolfgang Ziebart (54) was appointed by the Supervisory Board to the new President and CEO at Infineon Technologies AG today. Dr. Ziebart will assume his new responsibilities at Infineon not later than September 1, 2004.

“Thanks to his experience with turnarounds, his knowledge of the industry and his technical expertise, Dr. Ziebart displays all the outstanding qualifications required of a CEO at Infineon,” said Max Dietrich Kley, current Chief Executive Officer at Infineon. “Together with him, the Management Board will work as a team to drive the strategic goals of Infineon, which will remain unchanged in their basic form, to motivate the employees and to further reinforce the company’s profit orientation.”

After completing a degree in engineering and his doctorate in Munich, Dr. Wolfgang Ziebart began his professional career in 1977 at automobile manufacturer BMW. There he held a number of different positions, was then responsible for the development of electronics and appointed to the Management Board in 1999. In 2000, Dr. Ziebart moved to Hannover to Continental AG, the automotive supplier, to head the Automotive Systems Division there with the focus on automotive electronics and electronic brake systems. One year later, he was appointed Deputy Chairman of the Executive Board at Continental AG.

Until Dr. Ziebart assumes his new duties at Infineon, Max Dietrich Kley will continue to act as CEO at the semiconductor manufacturing company. After he steps down as CEO, Kley will resume his currently resting function as Chairman of the Supervisory Board of Infineon.

Infineon Technologies AG