Klaus Moosmayer named Siemens AG Chief Compliance Officer

Munich, Germany, 19-12-2013 — /EuropaWire/ — Klaus Moosmayer has been named to head Siemens’ entire compliance organization as Chief Compliance Officer, effective January 1, 2014. Since 2007, Moosmayer has played a key role in building up Siemens’ new, globally recognized compliance system. Since 2010, he has been responsible for all legal and regulatory-related compliance duties at Siemens. Klaus Moosmayer is considered nationally and internationally to be a leading compliance expert. At the beginning of November 2013, he was appointed by the OECD’s Business and Industry Advisory Committee to serve as the new honorary head of its anti-corruption taskforce.

Hans-Jörg Grundmann, the current Chief Compliance Officer, is leaving the company at the end of the year and retiring. Siemens’ compliance organization is part of its global legal department, which – following the departure of Peter Solmssen – will be headed by the new General Counsel Andreas C. Hoffmann and report directly to Siemens President and CEO Joe Kaeser, effective January 1, 2014.

Andreas von Máriássy of the law firm “von Máriássy Dr. von Stetten Rechtsanwälte” has been appointed the new company ombudsman, effective the same date. So far André Große Vorholt has served in this capacity.

Siemens AG (Berlin and Munich) is a global powerhouse in electronics and electrical engineering, operating in the fields of industry, energy and healthcare as well as providing infrastructure solutions, primarily for cities and metropolitan areas. For over 165 years, Siemens has stood for technological excellence, innovation, quality, reliability and internationality. The company is one of the world’s largest providers of environmental technologies. Around 43 percent of its total revenue stems from green products and solutions. In fiscal 2013, which ended on September 30, 2013, revenue from continuing operations totaled €75.9 billion and income from continuing operations €4.2 billion. At the end of September 2013, Siemens had around 362,000 employees worldwide on the basis of continuing operations. Further information is available on the Internet at: http://www.siemens.com.

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Klaus Moosmayer
Chief Counsel Compliance of Siemens AG