- Managing Board members’ individual
responsibility to have greater weight
- In addition to capital market
performance, sustainability targets included for first time
- Contractual maximum compensation
agreed
- New compensation system makes
Siemens a pioneer among DAX companies
Siemens intends
to adjust the compensation system for its Managing Board members in order to
align the system more closely with the company’s sustainable development and
thus with the Vision 2020+ company strategy. By implementing the new system, Siemens
is taking on a pioneering role because the new approach already reflects the
draft version of the German Corporate Governance Code of May 9, 2019, and the
draft version of the act transposing the European Union’s Second Shareholder
Rights Directive into German law. In addition, the new concept not only
considers performance on the capital market, but also places emphasis on
targets for environmental protection, professional development of employees and
customer satisfaction. In the future, the broad-based MSCI World Industrials
Index – instead of a comparison with five main competitors – will be the yardstick
for the comparisons that determine the value of the stock awards. The new Managing
Board compensation system, which already applies as of fiscal 2020, will be
submitted to shareholders for endorsement at the Annual Shareholders’ Meeting on
February 5, 2020.
- Most
of the inventors are from Germany, the others come from the U.S., Russia, China, the UK, Spain,
Italy and Romania
- Thirty-one
inventions per day in fiscal 2019
Siemens has honored 23 particularly resourceful researchers as Inventors of the Year 2019. Together, these scientists are responsible for some 1,450 inventions and 1,500 individual patents. Most of the inventors are from Germany, the U.S., Russia, China, the UK, Spain, Italy and Romania. Their inventions cover the whole spectrum of Siemens. They range from 3D animation for early detection of breast cancer to a new solution for electrifying old rail lines without the need for modifications to bridges and tunnels and continue all the way to a postcard-sized module for industrial controllers that uses artificial intelligence and is thus capable of revolutionizing automation in factories.
Every day, our employees are making cities more livable and industries more efficient. Since 1995, Siemens has honored particularly outstanding researchers and developers whose inventions have significantly contributed to company’s success while also benefiting society. The theme for this year’s event is “Dreams: Making the impossible possible.” Siemens has honored 23 particularly successful researchers as the “2019 Inventors of the Year.” Collectively, these scientists are responsible for about 1,450 inventions and 1,500 issued patents. Most of the inventors come from Germany, in addition to the US, Russia, China, the UK, Spain, Italy, and Romania. Since 2016, eligibility to be Inventor of the Year has also been extended to include researchers from outside the company.
For fiscal 2019, Siemens holds more than 68,000 issued patents. During this period, employees have registered about 3,750 patents, and submitted 6,850 invention disclosure reports worldwide. Based on 220 working days, that’s approximately 31 inventions per day.
At "SPS – Smart Production Solutions" 2019, Siemens will present sector-specific applications and future technologies for the digital transformation of the discrete and process industries. At the heart of the 4000 square meter booth will be new products, solutions and services from the Digital Enterprise portfolio, which can be used to merge the real and virtual world.
On November 26, the first day of SPS, Klaus Helmrich spoke at the Siemens press conference, which took place in the trade show Convention Center. Mr Helmrich discussed the latest trends in digitalization and the next stage of digital transformation in the discrete and process industries.
We released our financial figures for the fourth quarter and fiscal year 2019 on November 7, 2019. The Press Conference and the Analyst Call were broadcast live.
- Ferraro to take on this role, effective
December 1, 2019, in addition to her position as Chief Financial Officer (CFO) at
Siemens Digital Industries
- In this role, she will report to Deputy
CEO and future Labor Director Roland Busch
Maria
Ferraro (46), Chief Financial Officer at Digital Industries, will become the
new Chief Diversity Officer (CDO) of Siemens AG, effective December 1, 2019. In
her capacity as CDO, she will be succeeding Janina Kugel, whose contract will
expire at the end of January 2020. Ferraro will take on the new position in addition
to her leadership role as CFO at the Digital Industries Operating Company. As
Chief Diversity Officer, she will report directly to Deputy CEO Roland Busch, who
will be succeeding Janina Kugel as Chief Human Resources Officer (CHRO) and
Labor Director, effective December 1, 2019.
A key milestone on the way to independence: Siemens Energy presented its new management team to its employees today. In addition to an Executive Board, the company will have an expanded international management team, the Group Management Committee. Once Siemens Energy becomes a legally separate entity, this team will be instrumental in implementing the company’s strategic approach. “Announcing the management team is a further critical step on the way to becoming an independent company and an energy pure play. It will enable Siemens Energy to further develop its management system and then focus fully on the requirements of its customers and markets,” said Joe Kaeser, President and CEO of Siemens AG.
- Helmuth Ludwig to leave the company at his own request
- Siemens’
IT organization to support Vision 2020+ execution
At the
beginning of 2020, Hanna Hennig (50) will become the new Chief Information
Officer (CIO) at Siemens. In this capacity, she will be responsible for the
company’s global IT organization and will report directly to Roland Busch, Deputy
CEO of Siemens. Hennig is currently still CIO at Osram Licht AG in Munich. She will
succeed Helmuth Ludwig (57), who will leave the company at his own request and
by mutual agreement at the end of December 2019. Ludwig has been working at
Siemens for about 30 years in a variety of roles inside and outside Germany. In
the future, he will be dedicating more time to teaching at Southern Methodist
University in Dallas, Texas (USA), where he has been an adjunct professor for international
corporate strategy for the past six years.
- Business to be officially renamed as
of April 2020
- Employees’ favorite selected
At an internal management conference, Siemens today announced the name of the new energy company that it is creating. The business, which combines the worlds of conventional and renewable energy and is to become an independent company in the future, is to be called Siemens Energy. The new name will officially take effect once the energy business becomes a separate legal entity, which is expected to happen in April 2020. Siemens Energy is to be spun off as a publicly listed company by September 2020. Its offerings will address a significant portion of the value chain across the oil and gas, power generation, and power transmission segments, including the related service activities. On a pro-forma basis, Siemens Energy generates about €27 billion in revenue and has some 88,000 employees worldwide as well as an order backlog of €70 billion. Today, 20 percent of the world’s energy supply is already based on Siemens technology.