Helmut Gassel will resign as Infineon's Chief Marketing Officer effective May 31, 2022; the Supervisory Board has appointed Andreas Urschitz as his successor.
Helmut Gassel, member of the Management Board and Chief Marketing Officer (CMO) of Infineon Technologies, will resign his mandate at his own request effective May 31, 2022, and leave the company. The Infineon Supervisory Board agreed to this request with great regret. Andreas Urschitz, currently President of the Power & Sensor Systems (PSS) Division, has been appointed as his successor. Adam White, currently CMO of the PSS Division, is the division's president-elect.
"We deeply regret Dr. Gassel's decision, but of course respect it. He has been instrumental in ensuring that Infineon is now so excellently positioned in key growth markets and in the fundamental trends of decarbonization and digitalization. He also successfully steered the largest acquisition in the company's history with Cypress Semiconductor," said Dr. Wolfgang Eder, Chairman of Infineon's Supervisory Board. "We thank Dr. Gassel very much for his many valuable contributions to Infineon's profitable growth path during his 27 years with the company and especially since 2016 as a member of the Management Board. We welcome his very constructive support for the transition to Andreas Urschitz."
"As a long-time companion, Helmut Gassel has played a decisive role in Infineon's great success. As CMO, he has driven the digitalization of marketing and sales and thus the orientation towards the future. The fact that he now wants to change personally and leave Infineon is something I view with great respect. I welcome the Supervisory Board's decision in favor of Andreas Urschitz as future CMO. He has achieved great success as division president and has demonstrated a good feel for market developments and the needs of our customers," said Jochen Hanebeck, CEO.
"For me, change and new challenges have always been a strong driver. After the many successful years at Infineon, I would therefore now like to turn to new tasks. Together we have achieved a lot in the company. It was particularly important to me to place the customers even more at the center of our thoughts and actions. I am delighted that in Andreas Urschitz a successor has been appointed who is passionate about customer success," said Helmut Gassel, Member of the Management Board and CMO.
"Together with our customers, Infineon employees are driving the decarbonization and digitalization of everyday life. I am very much looking forward to helping shape the path to a livable future now as part of the Management Board team," said Andreas Urschitz, Division President PSS and designated CMO of Infineon.
Dr. Helmut Gassel has been a member of the Management Board of Infineon Technologies AG and Chief Marketing Officer (CMO) since 2016. His responsibilities include Marketing and Sales as well as Regions, Strategy Development, Mergers & Acquisitions (M&A) and Intellectual Property. Previously, he headed the Industrial Power Control, Chip Card & Security divisions as well as global marketing for power semiconductors in automotive electronics, also in Detroit, Michigan, in the USA. He studied physics at the Ruhr University in Bochum, Germany, and received his doctorate in electrical engineering from the University of Duisburg, Germany. In 1995, he began his career at Infineon (until 1999 Siemens AG) as a project manager in development for power components.
Since 2012, Andreas Urschitz has been President of the Power & Sensor Systems Division (PSS), which serves the market with a wide range of power semiconductor, high-frequency and sensor technologies. Prior to the role as head of the PSS division, Urschitz held various management positions in production, marketing, development and sales. Urschitz began his career at Infineon (until 1999 Siemens AG) in Villach, Austria, in 1994 after studying commercial science and subsequently teaching at the Vienna University of Economics and Business Administration.