Siemens announced last week that the cross sector business would be more closely oriented to the needs of the IT market in view of unrelenting pricing and competitive pressure in theIT business. To this end, preparations have begun to transform the business into a legally independent unit on July 1, 2010. Thomas Zimmermann (41) – who has extensive experience in reorienting businesses as former Chief Operating Officer of Siemens Enterprise Communications (SEN) – will head the team preparing the legal independence.
“My decision to step down as CEO of Siemens IT Solutions and Services paves the way for the planned reorientation,” said Christoph Kollatz. Siemens CFO Joe Kaeser thanked Kollatz for his work as head of the cross sector business and said: “With Christian Oecking as acting CEO and Thomas Zimmermann heading the team organizing the carve-out, we have taken the first important step for setting the future course of Siemens IT Solution and Services.”