[Global News] Roland Busch new President and CEO of Siemens AG

Siemens AG has successfully completed the succession process for its top management. As long planned, Roland Busch has succeeded long-serving President and CEO Joe Kaeser as head of the Munich-based technology company. At the company’s virtual Annual Shareholders’ Meeting held on February 3, shareholders also confirmed, Supervisory Board Chairman Jim Hagemann Snabe for another four-year term of office.

Joe Kaeser will stand for reelection to Siemens Energy AG’s Supervisory Board at its Annual Shareholders’ Meeting on February 10, 2021, and for reelection as the Supervisory Board’s Chairman at the Board’s constituent meeting immediately afterwards.

“On behalf of the Supervisory Board and all Siemens employees, I’d like to thank Joe Kaeser for his dedication to the company, for his more than 40 years of tireless commitment, for his life’s work!” added Snabe. “At the same time, Roland Busch is the ideal choice to further drive the transformation of Siemens AG. In this effort, the merging of the virtual and real worlds will play a key role. The aim now is to renew the technological backbone of the economy and society.”