[Global News] Siemens completes Managing Board team as of October 1, 2020

Klaus Helmrich, the Managing Board member responsible for Digital Industries (DI), will retire upon expiration of his contract at the end of March 2021 after 35 years at the company. Cedrik Neike, the Managing Board member currently responsible for Smart Infrastructure (SI), will succeed him as of October 1, 2020. Matthias Rebellius – currently SI’s Chief Operating Officer (COO) – has been appointed to the Managing Board and will assume responsibility for this unit.

With these moves, Siemens is completing the future Managing Board team under the leadership of designated CEO Dr. Roland Busch, effective October 1, 2020. On that date, Busch and his entire Managing Board team will – as previously announced – assume responsibility for the business activities of the future Siemens AG and thus for fiscal 2021. As planned, Joe Kaeser will transfer his role as CEO to Roland Busch at the company’s Annual Shareholders’ Meeting in February 2021.

As a result of these decisions, the Siemens Managing Board will comprise the following members as of October 1, 2020: Joe Kaeser (until he leaves the company in February 2021), Roland Busch, Ralf Thomas, Judith Wiese, Cedrik Neike, Matthias Rebellius and Klaus Helmrich (until he leaves the company in March 2021). “At this stage, I’d like to express my very special appreciation to Joe Kaeser for his active support in the succession process,” added Jim Hagemann Snabe, Chairman of the Supervisory Board of Siemens AG.