UPDATE 2-Infineon CEO Ziebart steps down; Bauer takes over

Newswire

(Adds details, background) By Georgina Prodhan, European Technology Correspondent MUNICH, Germany, May 26 (Reuters) - Wolfgang Ziebart has resigned as chief executive of German chipmaker Infineon over management clashes about strategy and will be replaced by board member Peter Bauer, the company said. Ziebart had suffered increasingly public criticism from his chairman Max Dietrich Kley, most notably at the company's annual meeting early this year, when Kley said more urgent action was ...

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