Together with Munich Mayor Christian Ude, Siemens President and CEO Peter Löscher has laid the foundation stone for the company's new headquarters building, which will be completed on Wittelsbacherplatz in Munich by the end of 2015. The future inner-city complex will provide employees with a 21st-century working environment and be freely accessible to the general public at ground level. Siemens has set the highest standards for sustainability for its new headquarters, and will fulfill the criteria for minimum energy consumptions in buildings.