"Lisa Davis assumed her responsibilities in a very difficult market environment. Acting with foresight, she initiated the right measures to boldly address the structural transformation in fossil-fuel power generation. We're confident that Lisa Davis and her global team will master these challenges and thus give our energy business a setup for long-term success," said Jim Hagemann Snabe, Chairman of the Supervisory Board of Siemens AG.
Implementation of Vision 2020+ began at the start of the fiscal year on October 1, 2018. The new structure is to take effect on April 1, 2019. In addition to her role on the Managing Board of Siemens AG, Lisa Davis will then assume the position of CEO of the Gas and Power Operating Company, where she will be responsible for about €18 billion in revenue (preliminary figure for fiscal 2018). Ms. Davis joined the Siemens Managing Board in August 2014. Her current contract expires at the end of July 2019.