- Siemens partner company for Jugend forscht for third time
- Germany-wide competition to be held in Erlangen in May 2017
- Siemens to honor ten researchers for 558 inventions
Siemens is teaming up for the third time with the Stiftung Jugend forscht to host Germany's best-known youth competition. The company previously hosted the nationwide event in 1976 and 1997. This year's competition, the fifty-second, will be held in Erlangen, Germany, on May 25-28, 2017. The final winners will be selected by a jury from among the 200 winners of statewide contests and presented with their awards on May 28 by the German Minister of Education and Research.
- Carbon dioxide emissions lowered from 2.2 million to 1.7 million tons
- Siemens expects savings of €20 million a year
- Siemens solutions have enabled customers to reduce their carbon dioxide emissions by 521 million tons
One year after the launch of its decarbonization program, Siemens is already making significant advances in reducing its carbon footprint. The company was able to cut its CO2 emissions from 2.2 million tons in fiscal 2014 to 1.7 million tons in fiscal 2016. A major portion of the carbon dioxide savings – 200,000 tons – were achieved at locations in Germany. With the aid of Siemens solutions, the company's customers worldwide succeeded in reducing their CO2 emissions by 521 million tons in fiscal 2016. This amount is equivalent to more than 60 percent of Germany's annual carbon dioxide emissions.
- Cedrik Neike and Michael Sen appointed to Managing Board of Siemens AG
- Roland Busch to head research and development as CTO and Corporate Development (CD)
- Lisa Davis to head the U.S. business in addition to her current Managing Board duties
Siemens AG has appointed Cedrik Neike and Michael Sen to its Managing Board. The company is also reorganizing responsibilities within the board. These steps will rejuvenate the Siemens Managing Board and lay the basis for accelerating the implementation of Vision 2020.
- German Chancellor Merkel to attend ceremony in Berlin on November 29
- About 100 guests from government, business, science, culture and media
Werner von Siemens, born on December 13, 1816, would have turned 200 years old this year. On November 29, Siemens is marking the anniversary of its company founder's birth by holding a gala event in the Mosaikhalle (Mosaic Hall) at its headquarters in Berlin. In addition to German Chancellor Angela Merkel, more than 100 prominent guests representing government, business, science, culture and the media are expected. Joe Kaeser, President and CEO of Siemens AG, will open the ceremony. Nathalie von Siemens, a great-great-granddaughter of Werner von Siemens, Managing Director and spokesperson of the Board of Siemens Stiftung and a member of the Supervisory Board of Siemens AG, as well as Gerhard Cromme, Chairman of the company's Supervisory Board, will also give speeches in honor of the company founder.
- Orders and revenue both 5% higher compared to fiscal 2015, at €86.5 billion and €79.6 billion, respectively, for a book-to-bill ratio of 1.09; excluding currency translation effects, orders and revenue both up 6%
- Industrial Business profit up 13%, at €8.7 billion; strong increases in Power and Gas, Energy Management, and Wind Power and Renewables and growth in other Divisions and Healthineers, more than offsetting a substantial decline in Process Industries and Drives
- Industrial Business profit margin reached 10.8%, with all industrial businesses except Process Industries and Drives within their target ranges
- Net income of €5.6 billion reflects the strong operating performance; fiscal 2015 net income of €7.4 billion included €3.0 billion related to divestments of the hearing aid business and Siemens' stake in BSH Bosch und Siemens Hausgeräte GmbH (BSH)
- Basic earnings per share (EPS) of €6.74, above the raised target range announced in the third quarter; basic EPS of €8.84 a year earlier included €3.66 related to the sale of the hearing aid business and the BSH stake
- Siemens proposes a dividend of €3.60 per share
"The fiscal year just ended was one of the strongest in the history of our company. Setting aside portfolio divestments, it was actually the best. We worked hard and I am proud of what our global team has achieved. In fiscal 2017 we will continue working with full concentration on the execution of Vision 2020."
- Public listing planned
- Leading position to be expanded
Siemens intends to further develop its healthcare business, Siemens Healthineers, and give it even greater flexibility in implementing its growth plans. To this end, the company is planning to publicly list its healthcare business.
- Ananth joins Siemens from Hewlett Packard Enterprise in Silicon Valley
- Many years of experience in the venture capital industry
Lakshmikanth "Lak" Ananth (43) has been appointed to head Siemens' new next47 startup unit, effective November 15, 2016. An India-born U.S. citizen, Ananth joins Siemens from Hewlett Packard Pathfinder, the venture capital program at Hewlett Packard Enterprise (HPE), where he spent the past two years building HPE's investment and partnership program. He was previously responsible, among other things, for business strategy and corporate development at HPE and for the acquisition of early-stage technology companies. Ananth has also worked in the venture capital and corporate development at Cisco.
Hermann O. Franz, Chairman of the Supervisory Board of Siemens AG from 1993 to 1998 and longtime member of the company's Managing Board, died on October 7, 2016 at the age of 87.
- Current CIO Norbert Kleinjohann to retire
- Siemens IT supports the company's digital transformation
Effective October 1, 2016, Helmuth Ludwig (54) will serve as Siemens' new Chief Information Officer (CIO), thus assuming responsibility for global IT at the company. He succeeds Norbert Kleinjohann (62), who is retiring. Ludwig was previously Chief Digital Officer of the Product Lifecycle Management (PLM) Business Unit at Siemens' Digital Factory Division.
The Supervisory Board of Siemens AG and Managing Board member Siegfried Russwurm have mutually agreed that the company's contract with Russwurm, which will expire at the end of March 2017, will not be renewed. Russwurm has been a member of the Managing Board since January 2008 and, in addition to his responsibilities as Chief Technology Officer, was the partner on the Managing Board for the separately managed Healthcare business. In addition, he was responsible for the Middle East and CIS regions.