Clarissa Haller (49) has been appointed the new head of communications at Siemens. She will assume her new duties on July 1, 2016, and report in this capacity directly to President and CEO Joe Kaeser. Ms. Haller has been active at the international level in a wide range of leadership positions in the communications field for, among others, Roche, ABB and Credit Suisse.
We released our second quarter results for fiscal year 2016 on May 4, 2016. The Conference Call for journalists and the Analyst Conference were broadcast live.
- Digital Factory CEO Anton Huber retiring
- Ralf Christian to be sole CEO of Energy Management Division
Jan Mrosik (51), currently CEO of the Energy Management Division, has been appointed CEO of the Digital Factory Division, effective June 1, 2016. Anton Huber (65), Digital Factory's current CEO, is retiring on October 1, 2016. He will continue to serve the company in a consulting capacity until that date. Ralf Christian (52) will be the sole CEO of the Energy Management Division, effective June 1, 2016. Christian is currently the Division's co-CEO with Mrosik.
On the first day of Hannover Messe, April 25, Klaus Helmrich welcomed you to the yearly Siemens press conference. As member of the Managing Board of Siemens AG, Klaus Helmrich is responsible for the Divisions Digital Factory as well as Process Industries and Drives. The press conference took place at 6:30 PM, in room 1 of the fair's Convention Center.
- Form a 50:50 joint venture in high-voltage powertrains for electric cars
- Strong partners with complementary scope and portfolio
- New joint venture becomes strong player in the fast growing market of automotive electrification
- Focus to provide innovative and affordable high-voltage components and systems for electric cars in global mass markets
Siemens and Valeo have signed an agreement to form a joint venture in high voltage powertrains. With this move the companies create a global leader of innovative and affordable high-voltage components and systems for the entire range of electric vehicles including hybrids, plug-in hybrids and full electric vehicles. Building upon their complementary scope and portfolio, the joint venture will provide substantial synergies in manufacturing and sourcing and create a base for sustained growth and profitability. The electric vehicle components market is expected to grow with a compound annual growth rate of more than 20% until 2020. According to the agreement, Siemens and Valeo will each hold a 50% stake in the joint venture, have joint control and account for their respective stake using the equity method.
- Expansion as digital industrial company still in full swing
- High number of new hires expected in coming years
- Industrial transformation at Process Industries and Drives to require adjustments in years ahead
- Competitiveness to be secured by bundling manufacturing network
Now that its realignment is complete, Siemens is driving its transformation into a digital industrial company and setting the course for innovation and further growth. As a result of the previously announced increase of more than €1 billion in investment in research and development, productivity and global sales, Siemens will keep the number of new hires at a continuously high level in the years ahead. In particular, the company expects to hire at least 25,000 new employees worldwide in each of the coming years – around 3,000 of them in Germany.
- More than 150,000 Siemens employees now own company shares
- Employee share ownership up six percent year-over-year
- Siemens distributes €47 million in shares to employee shareholders
More and more Siemens employees are investing in their company. Of 348,000 active employees worldwide, about 153,000 – or roughly 44 percent of Siemens' total workforce – currently own company shares. This is a six percent increase over last year's figure of 144,000 employee shareholders. This year, globally, more than 120,000 employees – or about 38 percent of all eligible employees – took part in the centerpiece, the Siemens' Share Matching Program. This is around eight percent more than in the previous year and a very high figure compared to similar global share programs. After a three-year holding period, participating employees receive one matching share at no additional expense for every three shares held. This year, Siemens distributed around 539,000 of these matching shares with a total value of about €47 million. Overall, nearly 80,000 employees in 65 countries profited from the distribution. Program participants have long-term investment horizons: 84 percent of all employee shareholders still hold their matching shares even three years after receiving them.
- Decision on the retirement of 31 million treasury shares
Today, Siemens has started the share buyback announced on November 12, 2015 and plans to buy back shares in an amount of up to €3 billion euro until November 15, 2018 at the latest. In addition, 31 million treasury shares will be retired. This will reduce the capital stock of 881 million to 850 million shares. "With this new share buyback we ensure that our shareholders, in addition to our attractive dividend, will participate continuously in the success of the company," says CFO Ralf P. Thomas.
- Stephan Heimbach leaves the company
A change is ahead in the management of the global communications at Siemens. The current head of Communications and Government Affairs, Stephan Heimbach, will be stepping down from this function as of March 1, 2016. He will remain available to the CEO of Siemens AG, Joe Kaeser, in an advisory capacity on a transitional basis.