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Press Release07 August 2024Siemens AGMunich
Siemens AG Supervisory Board announces executive leadership appointments to accelerate transformation and value creation
With the
five-year contract extension of Cedrik Neike, the Supervisory Board underscores
its confidence in him to successfully continue the transformation of the
industrial automation and software business, as well as leverage the benefits
of the ongoing transition to a software-as-a-service model.
The Managing
Board will benefit from the addition of two leaders with diverse, broad-based
experience. Peter Koerte has held a range of business
leadership roles in Siemens and Siemens Healthineers, as well as bringing deep
strategy and technology experience – working in France early in his career and
then for eight years in the United States with Siemens Healthineers. He was
appointed Chief Technology and Chief Strategy Officer in 2020. Koerte has led
Siemens Xcelerator from conception to its launch in June 2022; the open digital
business platform is well on track growing at more than ten percent per annum.
Veronika Bienert has had a 30-year international
career at Siemens, working and living abroad in Hong Kong, Croatia and Russia
at different points over this time. Bienert started as an apprentice in
business administration and has subsequently held a range of management,
strategy and finance roles, across regions and businesses including mobility
and industrial automation. Over the last eight years, she has led the
successful development of Siemens Financial Services (SFS), initially as CFO
and, since 2021, as CEO. Under her leadership, SFS has evolved into a key
enabler for the Siemens ecosystem, supporting the go-to-market of Siemens and
its customers, developing digital businesses models and facilitating
sustainability business. At the same time, SFS has delivered a solid profit
contribution in the range of 15-20% Return on Equity over the cycle.
Jim Hagemann
Snabe, Chairman of the Supervisory Board said: “It is my pleasure to announce
the Supervisory Board decisions on these Managing Board appointments to set the
course for Siemens to build on its position of strength as a technology leader.
We have the right strategy and the right team. Siemens is on the right path and
will now accelerate the execution of its strategy for further value creation.
In addition,
it will be proposed that Jim Hagemann Snabe, Chairman of the Supervisory Board
will extend his role for two years, from February 2025. He said: “I would like
to thank my Supervisory Board colleagues for the trust they place in me with a
proposed extension of my chairmanship from next February.”
The Managing
Board appointments follow the five-year extension of President and CEO Roland
Busch’s contract earlier this year.
Roland Busch,
President and CEO of Siemens AG, said: “It is an important step forward to welcome
Veronika and Peter to the Managing Board team with their impressive experience
and track record in finance, strategy and technology. The extension of Cedrik’s
contract will allow us to build on our strengths in automation and industrial
software; and he will continue the transformation journey in this business,
scaling digital capabilities and offerings.
“I am also
delighted that Jim plans to continue to serve as our chairman. His professional
and collaborative chairmanship, and his continuous support in executing
Siemens’ strategy are vital to the entire team. With the combined experience in
our boards, Siemens is in the strongest position ever to help our customers
with their digital and sustainability transformations on a path of high value
growth.”
Jim Hagemann Snabe
For this press release
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Siemens AG (Berlin and Munich) is a leading technology company focused on industry, infrastructure, transport, and healthcare. From more resource-efficient factories, resilient supply chains, and smarter buildings and grids, to cleaner and more comfortable transportation as well as advanced healthcare, the company creates technology with purpose adding real value for customers. By combining the real and the digital worlds, Siemens empowers its customers to transform their industries and markets, helping them to transform the everyday for billions of people. Siemens also owns a majority stake in the publicly listed company Siemens Healthineers, a globally leading medical technology provider shaping the future of healthcare.
In fiscal 2023, which ended on September 30, 2023, the Siemens Group generated revenue of €77.8 billion and net income of €8.5 billion. As of September 30, 2023, the company employed around 320,000 people worldwide. Further information is available on the Internet at www.siemens.com.
In fiscal 2023, which ended on September 30, 2023, the Siemens Group generated revenue of €77.8 billion and net income of €8.5 billion. As of September 30, 2023, the company employed around 320,000 people worldwide. Further information is available on the Internet at www.siemens.com.
Reference Number: HQCOPR202408076977EN
Contact
Simon Krause
Siemens AG
Werner-von-Siemens-Straße 1
80333 Munich
Germany
80333 Munich
Germany
+49 173 4039683