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Siegfried Russwurm to resign by mutual agreement from the Siemens Management Board

"Siegfried Russwurm has been with Siemens since 1992 and has played a significant part in shaping the company in many areas. I would like to express my sincere gratitude and appreciation for this contribution," said Gerhard Cromme, Chairman of the Supervisory Board of Siemens AG. "The decision not to extend his contract, which expires on March 31, was made with the full agreement of both parties."
"On behalf of all colleagues, I'd like to thank Mr. Russwurm for the positive and successful collaboration over the years," said Joe Kaeser, President and CEO of Siemens AG. "As Chief Technology Officer, he was instrumental in enabling Siemens to regain a position of global leadership in the important areas of electrification, automation and digitalization."
Siegfried Russwurm explained: "I've spent the greater part of my professional life at Siemens. I will always remain connected with this company and with its employees. Nevertheless, I don't want to close the door to potential new challenges. As a result, I've agreed with the Supervisory Board that my contract will not be extended when it runs out in the near future."

For this press release

Siegfried Russwurm

Siegfried Russwurm

Siegfried Russwurm


This press release was updated on 23.09.2016 at 02:30 PM CEST.
Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 165 years. The company is active in more than 200 countries, focusing on the areas of electrification, automation and digitalization. One of the world's largest producers of energy-efficient, resource-saving technologies, Siemens is No. 1 in offshore wind turbine construction, a leading supplier of gas and steam turbines for power generation, a major provider of power transmission solutions and a pioneer in infrastructure solutions as well as automation, drive and software solutions for industry. The company is also a leading provider of medical imaging equipment – such as computed tomography and magnetic resonance imaging systems – and a leader in laboratory diagnostics as well as clinical IT. In fiscal 2015, which ended on September 30, 2015, Siemens generated revenue of €75.6 billion and net income of €7.4 billion. At the end of September 2015, the company had around 348,000 employees worldwide. Further information is available on the Internet at
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Dennis Hofmann

Siemens AG

Wittelsbacherplatz 2
80333 Munich

+49 (89) 636-22804