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Press Release12 December 2022Siemens AGMunich
Siemens invites shareholders to 2023 Annual Shareholders’ Meeting and proposes three new Supervisory Board members
Annual Shareholders' Meeting 2022
“For 2023, we
have decided to host our annual shareholders’ meeting as a virtual event. The
new legal framework provides us with the opportunity to integrate our
shareholders as active participants and apply one of the major advantages of in‑person
shareholder meetings to the virtual format. We’re also enabling more people to
take part. Both aspects are very important to us,” said Jim Hagemann
Snabe, Chairman of the Supervisory Board of Siemens AG.
“I’m very
happy that the new virtual format provides our shareholders inside and outside
Germany an easy way to actively participate in our Annual Shareholders’
Meeting,” said Roland Busch, President and CEO of Siemens AG.
Three new
members proposed for Supervisory Board
Upon completion of the Annual Shareholders’ Meeting, the regular term of office for seven Supervisory Board members will end. Their successors are, in turn, to be elected to four-year terms of office. Three new candidates are being proposed to the Annual Shareholders’ Meeting as Supervisory Board members:
Upon completion of the Annual Shareholders’ Meeting, the regular term of office for seven Supervisory Board members will end. Their successors are, in turn, to be elected to four-year terms of office. Three new candidates are being proposed to the Annual Shareholders’ Meeting as Supervisory Board members:
Dr. Regina E. Dugan
(59), President and CEO of Wellcome Leap Inc., with headquarters in Culver City,
California, USA; Keryn Lee James (54), Chair of the Board of Directors of OPUS
Talent Solutions and former CEO of the ERM Group, with headquarters in London,
UK; and Martina Merz (59), CEO of thyssenkrupp AG, with headquarters in Essen,
Germany. Michael Diekmann, Dr. Norbert Reithofer und Baroness Nemat Shafik will leave
the Supervisory Board at the end of their term of office.
“By bringing
Dr. Regina E. Dugan, Keryn Lee James and Martina Merz on board, we are gaining
three outstanding individuals with international leadership experience and a
profound understanding of technology. They underscore the importance of
diversity, digitalization and sustainability for the Supervisory Board. With
their broad range of expertise, they will support Siemens’ development as a
world-leading technology company,” said Jim Hagemann Snabe.
Martina Merz is a German mechanical engineer who has
been CEO of thyssenkrupp AG since October 1, 2019. From 1985 to 2002, she held a
variety of management positions at Robert Bosch GmbH. In 2002, she moved to Brose
Fahrzeugteile as Executive
Vice President Closure Systems Division, and she returned to Bosch in 2005. In
2012, she took on leadership of Chassis Brakes International as CEO. From 2015
to 2019, Martina Merz was an independent business consultant as well as a
member of supervisory boards at, among other companies, Lufthansa AG and AB Volvo. In 2018, she was elected a member
of the Supervisory Board of thyssenkrupp AG, and she was appointed Chair of that
Supervisory Board in 2019. As CEO of thyssenkrupp AG, Martina Merz is an
experienced leader with core competencies in areas such as technology,
sustainability and transformation.
Dr. Regina E. Dugan is a business executive,
inventor, technology developer and former public official from the U.S. She has
been President and CEO of Wellcome Leap Inc. since 2020. She was the first female director of
the U.S. government’s Defense Advanced Research Projects Agency (DARPA), where
she initially worked as a program manager from 1996 to 2000 and later served as
director from 2009 to 2012. After leaving DARPA in March 2012, she was first appointed
to a leadership position as Senior
Vice President, Technology at Motorola Mobility in 2012, and in 2014 she became
Vice President of Engineering, Advanced Technology and Projects at Alphabet. In 2016, Dr. Regina E. Dugan moved to Meta as Vice President, Engineering. In May 2020, she became President and CEO of
Wellcome Leap Inc. Her broad international experience enables her to
contribute competencies in areas that include, among other things, technology, sustainability
and transformation.
Keryn Lee James
has more than 30 years of experience in the environmental and sustainability consulting
industry and has held leadership positions in, among other places, Australia,
the UK and the Asia-Pacific region. She has been Chair of the Board of
Directors of OPUS Talent Solutions since 2022. Previously, Keryn Lee James was
CEO of one of the world’s leading sustainability consulting companies, ERM
Group, and she led a global team in order to shape a sustainable future with
the world’s leading organizations. From 2018 to 2021, Keryn Lee James served as
a member of the Executive Committee of the World Business Council for
Sustainable Development (WBCSD). Since 2022 she has been Trustee / Board
Manager at the Global Energy Alliance for People and Planet (GEAPP) in London,
UK. The focal points of Keryn Lee James’ competencies are in such areas as
technology, sustainability and transformation.
In addition, the following four Supervisory Board
members have been proposed for reelection: Dr. Werner Brandt (Chairman of the Supervisory
Board of RWE AG; Bad Homburg, Germany), Benoît Potier (Chairman of the Board of
Directors of ĽAir Liquide S.A.; Paris, France), Dr. Nathalie von Siemens (member
of supervisory boards; Munich, Germany) and Matthias Zachert (Chairman of the
Board of Management of LANXESS AG; Cologne, Germany).
Dividend
proposal and live video connection
The Annual Shareholders’ Meeting will also vote on, among other things, the dividend for fiscal 2022. The Supervisory and Managing Boards are proposing to the Annual Shareholders Meeting that the dividend be increased to €4.25 from the prior-year level of €4.00. This proposal reflects Siemens’ outstanding performance in fiscal 2022 and the company’s strong confidence in its future development. With an increase of the dividend to €4.25 and a corresponding dividend yield of 4.2 percent, Siemens continues to be a highly attractive investment.
The Annual Shareholders’ Meeting will also vote on, among other things, the dividend for fiscal 2022. The Supervisory and Managing Boards are proposing to the Annual Shareholders Meeting that the dividend be increased to €4.25 from the prior-year level of €4.00. This proposal reflects Siemens’ outstanding performance in fiscal 2022 and the company’s strong confidence in its future development. With an increase of the dividend to €4.25 and a corresponding dividend yield of 4.2 percent, Siemens continues to be a highly attractive investment.
During
the general debate at the upcoming Annual Shareholders’ Meeting, shareholders may
connect per video to give an address or ask questions. They do not need to
submit their questions in advance. In addition, the main content of the
speeches to the Annual Shareholders’ Meeting given by the Supervisory Board
Chairman and the President and CEO will be published online in advance of the
event (publication expected by no later than February 1, 2023). As a result,
shareholders will be in a better position to prepare for the Annual Shareholders’
Meeting and to state their positions on these points if desired. Before the
Annual Shareholders’ Meeting, shareholders have until February 3, 2023, to submit
statements electronically in text form per e-mail to express their opinions on the
topics that are on the agenda.
For more information, please
see the Notice of Annual Shareholders’ Meeting, which was published today and
is available at www.siemens.com/agm.
For this press release
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Siemens AG (Berlin and Munich) is a 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 addition, Siemens holds a minority stake in Siemens Energy, a global leader in the transmission and generation of electrical power.
In fiscal 2022, which ended on September 30, 2022, the Siemens Group generated revenue of €72.0 billion and net income of €4.4 billion. As of September 30, 2022, the company had around 311,000 employees worldwide. Further information is available on the Internet at www.siemens.com.
In fiscal 2022, which ended on September 30, 2022, the Siemens Group generated revenue of €72.0 billion and net income of €4.4 billion. As of September 30, 2022, the company had around 311,000 employees worldwide. Further information is available on the Internet at www.siemens.com.
Notes and forward looking statements
This document contains statements related to our future business and financial performance and future events or developments involving Siemens that may constitute forward-looking statements. These statements may be identified by words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. We may also make forward-looking statements in other reports, in prospectuses, in presentations, in material delivered to shareholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements are based on the current expectations and certain assumptions of Siemens’ management, of which many are beyond Siemens’ control. These are subject to a number of risks, uncertainties and factors, including, but not limited to those described in disclosures, in particular in the chapter Report on expected developments and associated material opportunities and risks in the Combined Management Report of the Siemens Report (siemens.com/siemensreport), and in the Interim Group Management Report of the Half-year Financial Report (provided that it is already available for the current reporting year), which should be read in conjunction with the Combined Management Report. Should one or more of these risks or uncertainties materialize, should decisions, assessments or requirements of regulatory authorities deviate from our expectations, should events of force majeure, such as pandemics, unrest or acts of war, occur or should underlying expectations including future events occur at a later date or not at all or assumptions prove incorrect, actual results, performance or achievements of Siemens may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Siemens neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.
This document includes – in the applicable financial reporting framework not clearly defined – supplemental financial measures that are or may be alternative performance measures (non-GAAP-measures). These supplemental financial measures should not be viewed in isolation or as alternatives to measures of Siemens’ net assets and financial positions or results of operations as presented in accordance with the applicable financial reporting framework in its Consolidated Financial Statements. Other companies that report or describe similarly titled alternative performance measures may calculate them differently.
Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.
All information is preliminary.