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.
We released our third quarter results for fiscal 2013 on July 31, 2013. The press conference was broadcast live on the internet.
Today I offered premature termination of my employment contract, which runs until 2017, to the Supervisory Board of Siemens AG.
- Orders in the third quarter climb 19 percent
- Order backlog reaches a new high of €102 billion
- Revenue down two percent
- Total Sectors Profit declines due to charges for Siemens 2014
- Net income rises to €1.1 billion
In the third quarter of fiscal 2013, Siemens made progress in strengthening its core business activities. Orders rose considerably on a major contract win. Total Sectors Profit declined due to charges related to the implementation of the Siemens 2014 program. Revenue declined slightly owing to a weak market environment.
At its meeting today, the Supervisory Board of Siemens AG approved the establishment of a compensation committee. Regulatory and legal requirements and the importance of compensation-related topics in the company's dialogue with society were the backdrop for this step.
At its meeting on July 31, 2013, the Supervisory Board of Siemens AG will decide on the early departure of the President and CEO. In addition, it will decide on the appointment of a member of the managing board as President and CEO. The agenda of the meeting of the Supervisory Board has been extended accordingly.
Siemens no longer expects to achieve a Total Sectors profit margin of at least 12 percent by fiscal 2014, as aimed for in the Siemens 2014 company program, mainly due to lower market expectations. The measures for optimizing the portfolio and reducing costs are largely on track. As announced, Siemens will report third-quarter figures on August 1, 2013.
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.
- First half of building project successfully completed
- Demolition work concluded, new construction beginning on schedule
- Building to meet highest sustainability standards
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.