Francisco chooses Schumacher

Francisco Partners has appointed Dr Ulrich Schumacher as an operating partner in the London office. Dr Schumacher was most recently president and CEO of Infineon Technologies AG from 1999 to 2004. Prior to that, he was president and CEO of the Semiconductor Group of Siemens AG. While at Infineon, Dr Schumacher managed an enterprise with over 35,000 employees and annual revenues in excess of €7bn. He also led Infineon in its IPO in 2000 and was a member of the managing board of Siemens from 1998 until the IPO of Infineon.