Monday, August 19, 2024
The Supervisory Board of Siemens AG has announced new leadership appointments aimed at reinforcing the company’s strong market position and accelerating value creation as a top-tier technology leader. Under the current Managing Board, Siemens has experienced three consecutive record years of financial performance and strategic advancements, driving the digital and sustainability transformations of its clients.
The Supervisory Board’s decision to extend Cedrik Neike’s contract by five years reflects its strong confidence in his ability to continue transforming the industrial automation and software sectors while capitalising on the shift toward a software-as-a-service model.
The Managing Board will be further strengthened by the addition of two leaders with extensive, diverse experience. Peter Koerte has held various leadership positions within Siemens and Siemens Healthineers, bringing a wealth of strategic and technological expertise. His early career included work in France, followed by an eight-year tenure in the United States with Siemens Healthineers. Appointed Chief Technology and Chief Strategy Officer in 2020, Koerte played a pivotal role in the development and launch of Siemens Xcelerator in June 2022. The open digital business platform is now on a robust growth trajectory, expanding at a rate of over ten percent annually.
Veronika Bienert has had a 30-year international career at Siemens, working and living abroad in Hong Kong, Croatia and Russia at different points over this time. Bienert started as an apprentice in business administration and has subsequently held a range of management, strategy and finance roles, across regions and businesses including mobility and industrial automation. Over the last eight years, she has led the successful development of Siemens Financial Services (SFS), initially as CFO and, since 2021, as CEO. Under her leadership, SFS has evolved into a key enabler for the Siemens ecosystem, supporting the go-to-market of Siemens and its customers, developing digital businesses models and facilitating sustainability business. At the same time, SFS has delivered a solid profit contribution in the range of 15-20% Return on Equity over the cycle.
Jim Hagemann Snabe, Chairman of the Supervisory Board said: “It is my pleasure to announce the Supervisory Board decisions on these Managing Board appointments to set the course for Siemens to build on its position of strength as a technology leader. We have the right strategy and the right team. Siemens is on the right path and will now accelerate the execution of its strategy for further value creation.
In addition, it will be proposed that Jim Hagemann Snabe, Chairman of the Supervisory Board will extend his role for two years, from February 2025. He said: “I would like to thank my Supervisory Board colleagues for the trust they place in me with a proposed extension of my chairmanship from next February.”
The Managing Board appointments follow the five-year extension of President and CEO Roland Busch’s contract earlier this year.
Roland Busch, President and CEO of Siemens AG, said: “It is an important step forward to welcome Veronika and Peter to the Managing Board team with their impressive experience and track record in finance, strategy and technology. The extension of Cedrik’s contract will allow us to build on our strengths in automation and industrial software; and he will continue the transformation journey in this business, scaling digital capabilities and offerings.”
Read more news on: Siemens AG, digital woodworking, sustainability, woodworking software, automation
Get more updates on American woodworking industry through: www.woodandpanel.us
Tags: “Integrated Woodworking – Customized Solutions”, #1 woodworking news, digital transformation, executive leadership, managing board, Siemens AG, sustainability, wood, wood and panel, woodworking, woodworking and manufacturing, woodworking and processing, woodworking industry
Comments: