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• Mobile working two to three days a week as worldwide standard
• Managing Board approves new model for working independently of fixed locations
• Model based on transformation of leadership and corporate culture
• Siemens among first large companies to adjust working models permanently

Siemens will establish mobile working as a core component of its “new normal” and will make it a permanent standard, both during the global pandemic and beyond. The company’s Managing Board has now approved implementation of a corresponding model. The aim is to enable employees worldwide to work on a mobile basis for an average of two or three days a week, whenever reasonable and feasible. The coronavirus crisis and social distancing measures have shown that working independently of a fixed location offers many advantages and is possible on a much wider scale than originally thought. Worldwide surveys of Siemens’ employees confirmed their desire for greater flexibility and for personalized solutions when it comes to deciding where they work.

• Together, Industry leaders Siemens and SAP will deliver integrated end-to-end software solutions across product lifecycle, supply chain and asset management. 
• Partnership leverages expertise and technology of both companies to provide a true digital thread that helps enterprises eliminate process and information siloes, drives digitalization and delivers a comprehensive solution for the 4th industrial revolution (Industry 4.0).
• SAP will offer Siemens Teamcenter software as the core foundation for product lifecycle collaboration and product data management. 
• Siemens will offer SAP® Intelligent Asset Management solutions and SAP Project and Portfolio Management applications to maximize business value for customers over the entire product and service lifecycle and enable new collaborative processes between manufacturers and operators. 

Siemens and SAP today announced a new partnership that will leverage their industry expertise and bring together their complementary software solutions for product lifecycle, supply chain and asset management so their customers can deliver new innovation and collaborative business models that will accelerate industry transformation globally. Through this agreement, both SAP and Siemens will be able to complement and integrate their respective offerings in order to offer customers the first truly integrated and enhanced solutions for product lifecycle management (PLM), supply chain, service and asset management. This will enable customers to form a true digital thread integrating all virtual models and simulations of a product or asset with real-time business information, feedback and performance data over the entire lifecycle.

• 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 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. 

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. 

• 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.