Please use another Browser

It looks like you are using a browser that is not fully supported. Please note that there might be constraints on site display and usability. For the best experience we suggest that you download the newest version of a supported browser:

Internet Explorer, Chrome Browser, Firefox Browser, Safari Browser

Continue with the current browser

Richard Hausmann to manage the Siemens Smart Grid Applications project

The Siemens-Energy Sector is the world’s only manufacturer with comprehensive expertise along the entire chain of energy conversion, particularly regarding interfaces such as between power plants and grids. With the new Siemens Smart Grid Applications project, the company is now expanding its expertise to the “last mile” of the value added chain in the area of intelligent power networks. Taking a comprehensive global approach, the integrated technology company intends to leverage its experience, for example, in energy automation and its IT expertise to comprehensively advise its customers about setting the right course for the new age of energy. We expect that this will result in promising business opportunities for the Siemens Energy and Industry Sectors as well as the IT field,” says Dehen. Siemens already generates annual revenue of roughly €1 billion with Smart Grid technologies, and intends to capture about 20 percent market share by the year 2014 in a market worth €30 billion.
Richard Hausmann took over as President and CEO of the Siemens Regional Organization in China in early 2005. In April 2008 he also became head of the Siemens Northeast Asia Region, which in addition to China includes Taiwan, Hong Kong, Korea, and Mongolia. His assignment is scheduled to expire end of June 2010. Under his leadership, revenue of Siemens China grew to more than €5 billion on a comparable basis. Siemens in the meantime has over 40,000 employees in China, making it the second-largest Regional Company outside of Germany, after the United States.
Mei Wei Cheng will become President and CEO of the Siemens subsidiary in China and will also head Siemens’ Northeast Asia region. In addition to his many years working in the automotive industry, he also worked for a number of U.S. companies, including General Electric.

For this press release

On April 30, 2010, Richard Hausmann will be present together with Wolfgang Dehen at an event on the topic of electromobility in Berlin. Discuss eMobility on and find out more about the event at

Siemens AG (Berlin and Munich) is a global powerhouse in electronics and electrical engineering, operating in the industry, energy and healthcare sectors. For over 160 years, Siemens has stood for technological excellence, innovation, quality, reliability and internationality. The company is the world’s largest provider of environmental technologies, generating €23 billion – nearly one-third of its total revenue – from green products and solutions. In fiscal 2009, which ended on September 30, 2009, revenue totaled €76.7 billion and net income €2.5 billion. At the end of September 2009, Siemens had around 405,000 employees worldwide. Further information is available on the Internet at:
Read more
This document contains forward-looking statements and information – that is, statements related to future, not past, events. These statements may be identified by words such as “expects,” “looks forward to,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “will,” “project” or words of similar meaning. Such statements are based on the current expectations and certain assumptions of Siemens’ management, and are, therefore, subject to certain risks and uncertainties. A variety of factors, many of which are beyond Siemens’ control, affect Siemens’ operations, performance, business strategy and results and could cause the actual results, performance or achievements of Siemens to be materi-ally different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. For Siemens, particular uncertainties arise, among others, from changes in general economic and business conditions (including margin developments in major business areas and recessionary trends); the possibility that customers may delay the conversion of booked orders into revenue or that prices will decline as a result of continued adverse market conditions to a greater extent than currently anticipated by Siemens’ management; developments in the financial markets, including fluctuations in interest and exchange rates, commodity and equity prices, debt prices (credit spreads) and financial assets generally; continued volatility and a further deterioration of the capital markets; a worsening in the conditions of the credit business and, in particular, additional uncertainties arising out of the subprime, financial market and liquidity crises; future financial performance of major industries that Siemens serves, including, without limita-tion, the Sectors Industry, Energy and Healthcare; the challenges of integrating major acquisitions and implementing joint ventures and other significant portfolio measures; the introduction of competing products or technologies by other com-panies; a lack of acceptance of new products or services by customers targeted by Siemens; changes in business strat-egy; the outcome of pending investigations and legal proceedings and actions resulting from the findings of these inves-tigations; the potential impact of such investigations and proceedings on Siemens’ ongoing business including its rela-tionships with governments and other customers; the potential impact of such matters on Siemens’ financial statements; as well as various other factors. More detailed information about certain of the risk factors affecting Siemens is contained throughout this report and in Siemens’ other filings with the SEC, which are available on the Siemens website,, and on the SEC’s website, Should one or more of these risks or uncertainties materi-alize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the relevant forward-looking statement as expected, anticipated, intended, planned, believed, sought, estimated or projected. Siemens does not intend or assume any obligation to update or revise these forward-looking statements in light of devel-opments which differ from those anticipated.
Read more


Monika Brücklmeier

Siemens AG

Wittelsbacherplatz 2
80333 Munich

+49 (89) 636-34782