Siemens sets course for next-gen of management

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Photo by Cytonn Photography on Unsplash

By the Electrical India content team

Siemens announced in a press release that it will be establishing the next generation of management. Siemens President and CEO Joe Kaeser (62) has informed the Supervisory Board of Siemens AG that he will not be pursuing an extension of his contract. He will be proposed as Chairman of the Supervisory Board of Siemens Energy. The board has appointed Roland Busch (55), who is presently the Deputy CEO to be President and CEO of Siemens AG. At the latest, this appointment is to be effective at the end of the next ordinary Annual Shareholders’ meeting, which is to take place on February 3, 2021. He is receiving a new contract for five years and will be responsible for the planning and implementation of the budget for the fiscal year 2021, and will be assuming all relevant responsibilities within the Managing Board.

Page No 14 Siemens Sets Course For Next Gen Of Management
Christian Bruch

Joe Kaeser in addition to his current duties will assume responsibility within the Managing Board for Siemens Energy, including Siemens Gamesa Renewable Energy.

At its extraordinary meeting today, the Supervisory Board of Siemens AG also appointed Christian Bruch (49), who is Executive Vice President of Linde plc and CEO of Linde Engineering, to be the new CEO of the Gas and Power Operating Company and designated CEO of Siemens Energy, effective May 1, 2020. On an acting basis until May 1, 2020, operational management of Siemens Gas and Power will be in the hands of Tim Holt, Chief Operations Officer and Chief Human Resources Officer of Gas and Power. Maria Ferraro (46), who is currently CFO of the Digital Industries (DI) Operating Company, has been appointed the new CFO of Siemens Energy, effective May 1, 2020. Michael Sen and Klaus Patzak, Siemens Energy’s designated CEO and CFO, are leaving by mutual agreement.

The new CFO of DI will be Rudolf Basson (51), who is currently CFO of Siemens in China. His successor as CFO in China will be Bo Ouyang (48), who is presently CFO of Siemens in Canada. Natalia Oropeza (53) will, in addition to her current role as Chief Cybersecurity Officer, succeed Maria Ferraro in her role as Chief Diversity Officer of Siemens AG. Jim Hageman Snabe, Chairman of the Supervisory Board of Siemens AG, said, “The Siemens Supervisory Board will be strengthening the Siemens Energy leadership team substantially and has decided on the succession process for the top leadership of Siemens AG even faster than originally planned.”

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