Siemens Shakes Up Board

German industrial conglomerate Siemens has announced changes to its management team after two senior executives said they did not want to extend their contracts.

The company said Heinz-Joachim Neubuerger will step down as chief financial officer on May 1, to be replaced by Joe Kaeser, who is currently chief strategy officer.

Meanwhile, chief technology officer Claus Weyrich will step down Oct. 1, to be replaced by Hermann Requardt, currently a member of the group board of medical solutions.

The company said Neubuerger will continue to act as an adviser, but did not expand on why he and Weyrich decided not to extend their contracts.

The reshuffle is the first major management change since Klaus Kleinfeld became the group’s CEO in 2005.

The following two tabs change content below.


Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam dignissim magna vitae dui posuere eu feugiat augue eleifend. Fusce sed tincidunt quam. Donec varius aliquam metus ut semper. Donec augue purus, feugiat interdum malesuada vel, aliquet quis massa. Nulla facilisi. Nam vel ante quam, et tincidunt dui. Maecenas venenatis libero eu nulla tincidunt et accumsan velit sodales. Nam congue mauris et felis porttitor blandit. Nam eget tempor massa. Nullam suscipit gravida eros, ac suscipit magna feugiat sit amet.

Latest posts by admin (see all)