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Press Release08 May 2019Siemens AGMunich
Klaus Patzak named CFO for the new Siemens Gas and Power Business
Patzak returned to Siemens in April this year. The finance and transformation expert was most recently CFO of Bilfinger SE, having previously been CFO of Osram Licht AG. For several years, Patzak served, among other things, as head of Accounting, Reporting and Controlling at Siemens AG.
Michael Becker will continue in his current critical role within the GP business with responsibility for the finance operational activities of the GP Operating Company.
"Klaus Patzak is an outstanding CFO with vast experience in bringing businesses to market and knows his way well around in listed companies. Together with Michael Becker, with his long operational finance experience in the business, we have a strong team to set up the new Siemens Gas and Power, a pure-play energy company with a unique setup in terms of vertical integration," said Joe Kaeser, President and CEO of Siemens AG.
For this press release
Dr. Klaus Patzak, Managing Partner of Portfolio Companies (POC)
Event: Second Quarter Results FY 2019
Press Event
Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 170 years. The company is active around the globe, focusing on the areas of power generation and distribution, intelligent infrastructure for buildings and distributed energy systems, and automation and digitalization in the process and manufacturing industries. Through the separately managed company Siemens Mobility, a leading supplier of smart mobility solutions for rail and road transport, Siemens is shaping the world market for passenger and freight services. Due to its majority stakes in the publicly listed companies Siemens Healthineers AG and Siemens Gamesa Renewable Energy, Siemens is also a world-leading supplier of medical technology and digital healthcare services as well as environmentally friendly solutions for onshore and offshore wind power generation. In fiscal 2018, which ended on September 30, 2018, Siemens generated revenue of €83.0 billion and net income of €6.1 billion. At the end of September 2018, the company had around 379,000 employees worldwide. Further information is available on the Internet at www.siemens.com.
Contact
Robin Zimmermann
Siemens AG
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