The company has been in a managerial mess since the previous President was forced out by the family owners to then sell off to two investment firms. Another mess followed with the appointment of ex Infineon executive Harald Eggers as Interim Chief Executive.

The problem is, he is currently being investigated by German State investigators over kickbacks for fixing sports sponsorship deals while at Infineon. Also yesterday investigators, claimed that suspicion that payments had been made has now been confirmed.

News reports noted that Eggers was not available for comment as he was on vacation. Maybe now-a very long vacation!