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Lothar Adler to leave Siemens at the end of May 2014 upon reaching mandatory retirement age
At the General Meeting of Works Councils in Berlin on November 20, the Chairman of the Central Works Council of Siemens AG, Lothar Adler, announced that he will leave the company at the end of May 2014, upon reaching mandatory retirement age. His term of office as a member of the Supervisory Board will end on the same date. Adler is thus no longer willing to extend his employment contract, as he had contemplated earlier.
At the General Meeting of Works Councils in Berlin on November 20, the Chairman of the Central Works Council of Siemens AG, Lothar Adler, announced that he will leave the company at the end of May 2014, upon reaching mandatory retirement age. His term of office as a member of the Supervisory Board will end on the same date. Adler is thus no longer willing to extend his employment contract, as he had contemplated earlier.
Joe Kaeser, CEO of Siemens, thanked Adler for his many years of passionate dedication working for employees and jobs at Siemens. He said that Adler has been a convinced and convincing advocate for the interests of the company's employees and a very responsible Chairman of the Central Works Council. "I have great respect for his life's work," Joe Kaeser said.
Berthold Huber, First Chairman of IG Metall and First Deputy Chairman of the Supervisory Board of Siemens AG, said: "Lothar Adler is an exemplary, straightforward and courageous Chairman and member of the IG Metall trade union. He deserves a great deal of respect from all of us for successfully working for the interests of employees."
Siemens AG (Berlin and Munich) is a global powerhouse in electronics and electrical engineering, operating in the fields of industry, energy and healthcare as well as providing infrastructure solutions, primarily for cities and metropolitan areas. For over 165 years, Siemens has stood for technological excellence, innovation, quality, reliability and internationality. The company is one of the world's largest providers of environmental technologies. Around 43 percent of its total revenue stems from green products and solutions. In fiscal 2013, which ended on September 30, 2013, revenue from continuing operations totaled €75.9 billion and income from continuing operations €4.2 billion. At the end of September 2013, Siemens had around 362,000 employees worldwide on the basis of continuing operations. Further information is available on the Internet at: http://www.siemens.com.