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Three new members for Siemens Managing Board - Wolfgang Dehen to head Osram, successors appointed at second management level

The Supervisory Board of Siemens AG thanked Mr. Dehen for his work on the Managing Board and for his successful management of the Energy Sector. Supervisory Board Chairman Gerhard Cromme said, “Under Mr. Dehen’s leadership, development at the Sector has been outstanding over the last few years. Energy has been a high-performance pillar at Siemens, particularly during the global economic crisis.” Siemens President and CEO Peter Löscher said, “I’d like to thank Mr. Dehen for his successful work at the Energy Sector and for his strong commitment to his responsibility for the Asia-Pacific Region. I’m also very pleased that he’s agreed to prepare Osram’s IPO and to establish Osram as an independent, publicly listed company with Siemens as an anchor shareholder.”
Roland Busch (46) has a doctorate in physics. He has been the Chief Strategic Officer of Siemens AG since May 2008, having previously held a variety of operational positions at the company in automotive and railway technology in Germany and China and at the central research and development department. As a member of the Managing Board, he will serve as CEO of the newly created Infrastructure & Cities Sector, effective April 1, 2011. Peter Herweck (44), most recently a member of the Managing Board of Siemens Ltd. China and responsible for the Industry Sector’s business in the Cluster North East Asia, will be Siemens’ new Chief Strategic Officer.
Klaus Helmrich (52) has an engineering degree from a university of applied sciences. He joined Siemens as a development engineer in 1986 and has held numerous operational positions, particularly in the area of automation systems. He has served most recently as CEO of the Drive Technologies Division. As a member of the Managing Board, he will be the Chief Technology Officer of Siemens AG, effective April 1, 2011. Ralf-Michael Franke (52), currently CEO of a Business Unit within the Industry Automation Division, will be the new CEO of the Drive Technologies Division.
Michael Süß (47) has a degree in engineering and a doctorate in economics. After holding a variety of positions in industry both in and outside Germany – at BMW, Porsche and MTU, for example – he joined the executive management of Siemens’ Power Generation Group in 2006. He has been CEO of the Fossil Power Generation Division since 2008. As a member of the Managing Board of Siemens AG, he will serve as CEO of the Energy Sector, effective April 1, 2011. Roland Fischer (48), currently CEO of a Business Unit in the Fossil Power Generation Division, will be the Division’s new CEO.
In the Industry Sector, Dirk Hoke (41), currently CEO of the Cluster Africa, has been appointed CEO of the Industry Solutions Division and, when the Sector’s further development takes effect, CEO of its new Customer Services Division.
Wolfgang Dehen (57) will leave the Managing Board of Siemens AG at the end of March 31, 2011. He has been appointed CEO of the Executive Board of Osram GmbH by the Supervisory Board of Osram GmbH, effective April 1, 2011. With the establishment of Osram AG now planned, he is to be appointed a member of the Managing Board of Osram AG and President and CEO of Osram AG. Martin Goetzeler (48) has resigned his position as CEO of the Executive Board of Osram GmbH. He has been appointed Osram’s Chief Operating Officer by the Supervisory Board of Osram GmbH, effective April 1, 2011. He will continue to serve as Chief Operating Officer and a member of the Osram Managing Board after the establishment of Osram AG. Dr. Klaus Patzak (45), currently Chief Accounting Officer and Controller of Siemens AG, has been appointed CFO of Osram GmbH – and after the public listing – will serve as CFO of Osram AG. ​

For this press release

Roland Busch

Roland Busch

Klaus Helmrich

Klaus Helmrich

Michael Süß

Michael Süß

Michael Süß

Roland Fischer

Roland Fischer

Ralf-Michael Franke

Ralf-Michael Franke

Ralf-Michael Franke

Peter Herweck

Peter Herweck

Peter Herweck

Dirk Hoke

Dirk Hoke

Dirk Hoke

Wolfgang Dehen

Wolfgang Dehen

Wolfgang Dehen

Martin Goetzeler

Martin Goetzeler

Martin Goetzeler

Klaus Patzak

Klaus Patzak

Klaus Patzak

Siemens AG (Berlin and Munich) is a global powerhouse in electronics and electrical engineering, operating in the industry, energy and healthcare sectors. For over 160 years, Siemens has stood for technological excellence, innovation, quality, reliability and internationality. The company is the world’s largest provider of environmental technologies, generating some €28 billion – more than one-third of its total revenue – from green products and solutions. In fiscal 2010, which ended on September 30, 2010, revenue totaled €76 billion and net income €4.1 billion. At the end of September 2010, Siemens had around 405,000 employees worldwide. Further information is available on the Internet at: http://www.siemens.com.

This document constitutes neither an offer to sell nor a solicitation to buy or subscribe for securities. Any such offer would be made solely on the basis of the Securities Prospectus to be published and registered with the German Financial Supervisory Authority (BaFin). The information legally required to be provided to investors is contained only in the Securities Prospectus.

The information contained herein is not for distribution, directly or indirectly, in or into the United States of America (including its territories and possessions of any State of the United States of America or the District of Columbia) and must not be distributed to U.S. persons (as defined in Regulation S under the U.S. Securities Act of 1933, as amended ("Securities Act")) or publications with a general circulation in the United States of America. This document is not an offer of securities for sale in the United States of America. The securities have not been and will not be registered under the Securities Act and may not be offered or sold in the United States of America absent registration or an exemption from registration under the Securities Act. It is not intended to register any portion of the offering in the United States of America or to conduct a public offering of the securities in the United States of America.

This document is not an offer of securities for sale in the United Kingdom, Canada, Japan or Australia.

This document contains forward-looking statements and information – that is, statements related to future, not past, events. These statements may be identified by words such as “expects,” “looks forward to,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “will,” “project” or words of similar meaning. Such statements are based on the current expectations and certain assumptions of Siemens’ management, and are, therefore, subject to certain risks and uncertainties. A variety of factors, many of which are beyond Siemens’ control, affect Siemens’ operations, performance, business strategy and results and could cause the actual results, performance or achievements of Siemens to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. In particular, Siemens is strongly affected by changes in general economic and business conditions as these directly impact its processes, customers and suppliers. This may negatively impact our revenue development and the realization of greater capacity utilization as a result of growth. Yet due to their diversity, not all of Siemens’ businesses are equally affected by changes in economic conditions; considerable differences exist in the timing and magnitude of the effects of such changes. This effect is amplified by the fact that, as a global company, Siemens is active in countries with economies that vary widely in terms of growth rate. Uncertainties arise from, among other things, the risk of customers delaying the conversion of recognized orders into revenue or cancelling recognized orders, of prices declining as a result of continued adverse market conditions by more than is currently anticipated by Siemens’ management or of functional costs increasing in anticipation of growth that is not realized as expected. Other factors that may cause Siemens’ results to deviate from expectations include developments in the financial markets, including fluctuations in interest and exchange rates (in particular in relation to the U.S. dollar), in commodity and equity prices, in debt prices (credit spreads) and in the value of financial assets generally. Any changes in interest rates or other assumptions used in calculating obligations for pension plans and similar commitments may impact Siemens’ defined benefit obligations and the anticipated performance of pension plan assets resulting in unexpected changes in the funded status of Siemens’ pension and other post-employment benefit plans. Any increase in market volatility, further deterioration in the capital markets, decline in the conditions for the credit business, continued uncertainty related to the subprime, financial market and liquidity crises, or fluctuations in the future financial performance of the major industries served by Siemens may have unexpected effects on Siemens’ results. Furthermore, Siemens faces risks and uncertainties in connection with: disposing of business activities, certain strategic reorientation measures; the performance of its equity interests and strategic alliances; the challenge of integrating major acquisitions, implementing joint ventures and other significant portfolio measures; the introduction of competing products or technologies by other companies or market entries by new competitors; changing competitive dynamics (particularly in developing markets); the risk that new products or services will not be accepted by customers targeted by Siemens; changes in business strategy; the outcome of pending investigations, legal proceedings and actions resulting from the findings of, or related to the subject matter of, such investigations; the potential impact of such investigations and proceedings on Siemens’ business, including its relationships with governments and other customers; the potential impact of such matters on Siemens’ financial statements, and various other factors. More detailed information about certain of the risk factors affecting Siemens is contained throughout this report and in Siemens’ other filings with the SEC, which are available on the Siemens website, www.siemens.com, and on the SEC’s website, www.sec.gov. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the relevant forward-looking statement as expected, anticipated, intended, planned, believed, sought, estimated or projected. Siemens neither intends to, nor assumes any obligation to, update or revise these forward-looking statements in light of developments which differ from those anticipated.
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Constantin Birnstiel

Siemens AG

Wittelsbacherplatz 2
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