A group of investors led by Hermes has forced Infineon's designated chairman Klaus Wucherer to promise to step down after only one year instead of five if elected to head the chipmaker's supervisory board.
Wuchner's offer is understood to be the result of the investor pressure, but is not in line with their requests. In a letter sent last week, Hermes Equity Ownership Services (HEOS) - a corporate...
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