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Press Release04 August 2021Siemens AGSiemens Korea, Seoul

Siemens appoints Frank Zimmermann as Senior Executive Vice President and CFO of Siemens Korea

Having served the company for 16 years since joining Siemens as an Assistant Section Manager in Performance Controlling in 2005, Mr. Zimmermann has worked closely with the company’s management team and held several senior leadership roles at Siemens. In 2009 he was appointed as Chief Financial Officer at Siemens PETNET Korea and was responsible to establish and support the company’s Asia expansion strategy, including the management of manufacturing investments in Australia, Singapore and India. In 2013, Mr. Zimmermann returned to Siemens Korea to lead the Building Technologies Division as Country Division Controller and was appointed Head of Finance at Siemens Smart Infrastructure in 2019.
“We are delighted to welcome Mr. Zimmermann, who has made substantial contributions to the company over the past 16 years in taking this position,” said Mr. ChewKong Lum, CEO of Siemens Korea. “We believe Mr. Zimmermann will bring great expertise in financial operations as well as an in-depth understanding of the Korean market and industry to steer the company towards further expansion.” 
“I feel very honored and humbled, and at the same time, excited and passionate to lead this company as CFO. I look very much forward to bringing my experience and expertise in finance and business operations to support our customers and Siemens to thrive – profitable and sustainable,” said Mr. Zimmermann.
Mr. Zimmermann holds a degree in Business Administration, as well as a diploma in Communication Design.

▲ Frank Zimmermann, Senior Executive Vice President & CFO of Siemens Korea

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Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 170 years. Active around the world, the company focuses on intelligent infrastructure for buildings and distributed energy systems and on automation and digitalization in the process and manufacturing industries. Siemens brings together the digital and physical worlds to benefit customers and society. Through Mobility, a leading supplier of intelligent mobility solutions for rail and road transport, Siemens is helping to shape the world market for passenger and freight services. Via its majority stake in the publicly listed company Siemens Healthineers, Siemens is also a world-leading supplier of medical technology and digital health services. In addition, Siemens holds a minority stake in Siemens Energy, a global leader in the transmission and generation of electrical power that has been listed on the stock exchange since September 28, 2020. In fiscal 2020, which ended on September 30, 2020, the Siemens Group generated revenue of €57.1 billion and net income of €4.2 billion. As of September 30, 2020, the company had around 293,000 employees worldwide. Further information is available on the Internet at www.siemens.co.kr.
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03737 Seoul
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