Infineon board members resigns

Dr. Andreas von Zitzewitz (7/16/05) stepped down as Member of the Board of Infineon Technologies AG. His resignation was accepted (7/17/05).

You may view Dr. Andreas von Zitzewitz's image here.

An investigation is ongoing regarding payments made for contracts regarding motorsports sponsoring.

The press release states:

The company immediately terminated all sponsoring engagements in motorsports as far as possible after the departure of the former CEO Dr. Ulrich Schumacher. Infineon Technologies AG is not under investigation and cooperates fully with the authorities. Dr. von Zitzewitz declared his resignation, to spare the company the burden of the ongoing investigation and to be able to fully concentrate on the expected court case.

Apparently the naming rights of the track in Sonoma County California continues.

. . . and Dr. Wolfgang Ziebart, CEO of Infineon Technologies AG, will take over the responsibilities for the memory products business.