German semiconductor maker Infineon says its chief executive, Peter Bauer, will step down at the end of September for health reasons.
Infineon Technologies AG said Sunday that Bauer has osteoporosis and has sustained several vertebral fractures over recent years. It said he decided to step down after his condition "significantly worsened" recently.
Bauer will step down when Infineon's fiscal year ends Sept. 30. Infineon said he will be succeeded by management board member Reinhard Ploss, who is responsible for production, development, technology and human resources.
The 51-year-old Bauer has been Infineon's CEO since 2008.
“Walking Dead” mid-season finale grumble thread: So many grumbles
Susan Hutchison - I Was A Woman In The Marine Corps In the Mid-70s. Hillary Clinton’s Story Doesn’t Add Up
NRA Thanks Obama For Signing Pro-Gun Legislation - Bearing Arms - Barack Obama, National Defense Authorization Act
- What Is Your U.S. Income Percentile Ranking?
What's 'willfully ignorant,' now? Andy Richter defends @PPact fetal tissue trafficking
George Soros: Top 10 Reasons He Is Dangerous | Human Events
The Cruz Surge Creates GOP Establishment Panic And Paralysis | RedState