Joe Kaeser (56), Chief Financial Officer (CFO) of Siemens AG since 2006, was designated the new President and CEO of Siemens AG, effective August 1, 2013. A new CFO will be appointed very shortly. The current CEO Peter Löscher will resign his position at the end of the day today and leave the Managing Board of Siemens AG by mutual consent. These changes were unanimously approved by the Supervisory Board of Siemens AG at its meeting today. Siemens held a press conference to announce the appointment of Joe Kaeser as the new CEO of Siemens AG and the publication of our financial figures for the third quarter of fiscal year 2013 on July 31, 2013 at 2:30 PM CEST.
