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Siemens
announces new management team for Siemens Energy
A key milestone on the way to independence: Siemens Energy presented its new management team to its employees today. In addition to an Executive Board, the company will have an expanded international management team, the Group Management Committee. Once Siemens Energy becomes a legally separate entity, this team will be instrumental in implementing the company’s strategic approach. “Announcing the management team is a further critical step on the way to becoming an independent company and an energy pure play. It will enable Siemens Energy to further develop its management system and then focus fully on the requirements of its customers and markets,” said Joe Kaeser, President and CEO of Siemens AG.
A key milestone on the way to independence: Siemens Energy presented its new management team to its employees today. In addition to an Executive Board, the company will have an expanded international management team, the Group Management Committee. Once Siemens Energy becomes a legally separate entity, this team will be instrumental in implementing the company’s strategic approach. “Announcing the management team is a further critical step on the way to becoming an independent company and an energy pure play. It will enable Siemens Energy to further develop its management system and then focus fully on the requirements of its customers and markets,” said Joe Kaeser, President and CEO of Siemens AG.
The members of the future management team have many years of international experience in the industry and in-depth knowledge of the challenges in the company’s businesses and markets as well as of its customers’ needs. A core element of the strategy will continue to be a strong presence and thus close customer proximity in the regions.
In addition to his current role as Chief
Operations Officer, Tim Holt will be nominated for the position of Labor
Director of Siemens Energy. Jochen Eickholt, who is currently Chairman of the
Portfolio Companies (POC) of Siemens AG, is a new member of the Siemens Energy
management team. Before moving to POC, Jochen Eickholt succeeded, among other
things, in getting Siemens Mobility back on track.
“I’m genuinely
convinced that better outcomes are based on having different perspectives and experience
profiles within the team,” said Michael Sen, designated CEO
of Siemens Energy. “We’re progressing on our way rapidly and decisively. Siemens
Energy will be a leading force in the energy markets and further drive the
decarbonization of energy systems worldwide.”
Siemens Energy is to be spun off as a publicly
listed company by September 2020. Its offerings will address a significant
portion of the value chain across the oil and gas, power generation and power
transmission segments, including the related service activities. On a pro-forma
basis, Siemens Energy generates about €27 billion in revenue and has some
88,000 employees worldwide as well as an order backlog of €70 billion. Today,
20 percent of the world’s energy supply is already based on Siemens technology.
Siemens AG
(Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence,
innovation, quality, reliability and internationality for more than 170 years. The company is active
around the globe, focusing on the areas of electrification, automation and digitalization. One of the
largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of
efficient power generation and power transmission solutions and a pioneer in infrastructure solutions
as well as automation, drive and software solutions for industry. With its publicly listed subsidiary
Siemens Healthineers AG, 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 2018, which ended on September 30, 2018, Siemens generated revenue of
€83.0 billion and net income of €6.1 billion. At the end of September 2018, the company had around
379,000 employees worldwide. Further information is available on the Internet at
www.siemens.com
.