Infineon says CEO to quit for health reasons

BERLIN Sun May 13, 2012 12:19pm EDT

BERLIN May 13 (Reuters) - German microchip maker Infineon Technologies said on Sunday that Chief Executive Peter Bauer will leave the company for health reasons on Sept. 30 and be replaced by Reinhard Ploss, responsible for production, development, technology and personnel.

Bauer has osteoporosis and informed Infineon's supervisory board about his intention to resign, the company said. (Reporting By Andreas Cremer; Editing by Erica Billingham)