- Responsible for Human Resources and
Global Business Services, effective October 1, 2020
- More than two decades of
international experience in all HR functions and in supporting strategic change
processes
The
Supervisory Board of Siemens AG has appointed Judith Wiese (49) a member of Siemens’
Managing Board, effective October 1, 2020. Ms. Wiese will serve as the company’s
Chief Human Resources Officer and the Labor Director of Siemens AG. In
addition, she is to head Global Business Services (GBS), which provides Siemens
units and external customers with a variety of company services such as
personnel and employee services, invoicing and payment processing, and event
management.
The Extraordinary Shareholders' Meeting of Siemens AG was held on July 9, 2020 as a virtual Shareholders’ Meeting without physical attendance of shareholders or their proxy representatives.
The information contained herein is not for publication or distribution, directly or indirectly, in or into any jurisdiction where to do so would be prohibited by applicable law.
- Spin-off approved by 99.36 percent of capital stock represented
- Capital Market Day for Siemens
Energy planned for September 1, 2020
As expected,
a large majority of Siemens shareholders at today’s Extraordinary Shareholders’
Meeting voted to approve the spin-off of the company’s energy business to Siemens
Energy AG. This step paves the way for the establishment of an independent
company rigorously focused on the energy sector. In the future, Siemens AG will
concentrate on Digital Industries, Smart Infrastructure and Siemens Mobility. In total, 61.94 percent of the capital stock of Siemens AG entitled to vote was represented at
the shareholders’ meeting, which was held as a virtual event due to the coronavirus
crisis. Approval of the Spin-off and Transfer Agreement between Siemens AG and Siemens
Energy AG was the only item on the meeting agenda. The agreement was approved by a
majority of 99.36 percent of
the capital stock represented. The highest number of participants following the
Extraordinary Shareholders’ Meeting online was 3,870.
The information contained
herein is not for publication or distribution, directly or indirectly, in or into
any jurisdiction where to do so would be prohibited by applicable law.
- Extraordinary Shareholders’ Meeting to be held in virtual format
- Siemens AG to spin off 55 percent of Siemens Energy to shareholders
- One Siemens Energy share for every two Siemens shares
- Siemens Energy to start with S&P Global investment-grade rating of “BBB”
- Initial listing of new shares planned for September 28, 2020
Siemens shareholders will vote on the spin-off of Siemens AG’s energy business at an Extraordinary Shareholders’ Meeting today. Due to the restrictions imposed on public events by the coronavirus crisis, the shareholders’ meeting will be held in a virtual-only format – that is, without the shareholders or their proxies being present in person. To ensure complete transparency, a livestream at
www.siemens.com/agm-service will provide shareholders and their proxies with audio and video coverage of the entire event via the Internet. Siemens shareholders had until July 7, 2020, to submit questions electronically. The proposal to approve the Spin-off and Transfer Agreement that Siemens AG and Siemens Energy AG concluded on May 22, 2020, is the only item on the meeting agenda.
- Co-CEO Sabrina Soussan to leave the company at her own request
- Michael Peter stands for strong expertise in digitalization and
connectivity as well as for continuity in Siemens Mobility’s top management
Michael
Peter will be Siemens Mobility’s sole CEO, effective July 10, 2020. Sabrina Soussan,
who has been his Co-CEO until now, will leave the company at her own request to
take on a new challenge outside Siemens AG. Until her contract ends on December
31, 2020, Ms. Soussan will remain available to Siemens Mobility in an
advisory capacity.
The information contained
herein is not for publication or distribution, directly or indirectly, in or
into any jurisdiction where to do so would be prohibited by applicable law.
- Long-term “BBB” issuer rating,
outlook stable
- S&P praises low indebtedness and
extensive liquidity
- First listing for Siemens Energy still
planned for September 28, 2020
In its first
credit rating, Siemens Energy AG, which will soon be operating as an
independent entity, has earned a solid investment grade rating from the S&P
Global rating agency (S&P). The company received a long-term issuer rating
of “BBB” with a stable outlook. The raters particularly praised the company’s
broad base in the energy sector, its low level of debt, and its extensive
liquidity.
- Global partnership to being extended for another three years
- Cooperation involves FC Bayern’s soccer and basketball sections
- Strong focus on sustainability and digital solutions in infrastructure
After three
successful seasons, Siemens and FC Bayern Munich have extended their collaboration
for three more years. The global technology powerhouse and the sport club with
the most championship titles in German soccer are lengthening their “Performance
Partnership” until the end of the 2022/23 season. The focus will remain on
future-oriented solutions and innovative technologies as well as on infrastructure-related
digital products and solutions.
- Siemens again secures very
favorable financing conditions
- High investor demand
underscores excellent reputation on capital market
Siemens has
issued new bonds with a total value of about €4 billion, including a
tranche of £450 million (about €500 million). The transaction closed
successfully today. The proceeds of the issuance will be used for general
corporate purposes. At roughly €16 billion, investor demand was almost four
times the issue volume.
The information contained herein is not for
publication or distribution, directly or indirectly, in or into Australia or
any other jurisdiction where to do so would be prohibited by applicable law.
- Siemens AG to spin off 55 percent of Siemens Energy to Siemens shareholders
- Plans call for further reducing Siemens’ stake significantly within 12 to 18 months after spin-off’s effective date
- Siemens AG contractually obligated to ensure Siemens Energy’s autonomy and independence
- Siemens Energy to have strong capital and liquidity base; solid investment-grade rating targeted
- Initial listing of new shares planned for September 28, 2020
Siemens AG has today published key details of the spin-off of its energy business, together with the invitation to the Extraordinary Shareholders’ Meeting on July 9, 2020. Issuance of the spin-off report marks another key milestone in the creation of an independent, world-leading energy pure play. Siemens shareholders are to automatically receive one share of Siemens Energy AG for every two shares of Siemens AG. Fifty-five percent of Siemens Energy will be spun off to Siemens shareholders. Depending on the strategic and operational development of the two companies, Siemens AG intends to further reduce its stake in Siemens Energy significantly within 12 to 18 months. In addition, Siemens has placed itself under a contractual obligation to refrain from exercising a controlling influence over the new company in the future. Subject to approval by the Extraordinary Shareholders’ Meeting, plans call for the spin-off to take place, as announced, by the end of September 2020. The initial listing is to take place on September 28th, 2020.