Carlyle VC fund hires Infineon CEO Schumacher as advisor
3 February 2003 -- The Carlyle Group says that Infineon Technologies' president and CEO Dr Ulrich Schumacher will join the advisory board of its venture capital fund, Carlyle Europe Venture Partners.
3 February 2003 -- London-based global private equity firm The Carlyle Group says that Dr Ulrich Schumacher, president and CEO of Munich-based semiconductor manufacturer Infineon Technologies, will join the advisory board of its EUR650m venture capital fund, Carlyle Europe Venture Partners.
In April 1999 Schumacher established Infineon Technologies as an independent business when it was spun-off from Siemens and then led the company onto a successful initial public offering in March 2000. Schumacher was previously president and CEO of Siemens' semiconductors division and has been a member of the managing board of Siemens AG since 1998.
After completing his doctorate in engineering at the RWTH institute of technology in Aachen, Germany, Schumacher began his career at Siemens in the components group in 1986. The following year he was appointed group manager of equipment and systems for group tests and then moved into the semiconductors group as the assistant to the CEO. After a number of further roles, he was appointed president and CEO of the semiconductor group in 1996.
"It will be a great benefit to us and our portfolio companies to be able to draw on Ulrich Schumacher's extensive experience in the technology marketplace. His perspective on the growth and development of future technologies will be of enormous value and we are delighted to have him join our advisory board," said Dr Wolfgang Hanrieder, a managing director of The Carlyle Group, who leads venture capital operations together with Jacques Garaialde.