Siemens AG Announces Executive Appointments to Propel Digital and Sustainable Transformation

Siemens AG Announces Executive Appointments to Propel Digital and Sustainable Transformation

(IN BRIEF) The Supervisory Board’s decisions reflect Siemens’ commitment to accelerating its strategic initiatives and driving significant value creation. With these leadership changes, Siemens is well-positioned to continue its growth trajectory and support its customers’ transformation journeys.

For more information, visit the Siemens AG website.

(PRESS RELEASE) MUNICH, 8-AUG-2024 — /EuropaWire/ — The Supervisory Board of Siemens AG has announced a series of executive leadership appointments aimed at accelerating the company’s transformation and value creation. The changes include the expansion of the Managing Board and the extension of key leadership contracts.

Key Appointments and Extensions

Cedrik Neike’s Contract Extension

Cedrik Neike, 51, a member of the Managing Board and CEO of Digital Industries, has received a five-year contract extension effective June 1, 2025. This extension reflects the Supervisory Board’s confidence in Neike’s ability to continue driving the transformation of Siemens’ industrial automation and software business and to capitalize on the shift towards a software-as-a-service model.

New Appointments

• Peter Koerte, 48, has been appointed to the Managing Board as Chief Technology and Chief Strategy Officer, effective October 1, 2024. Koerte will oversee Siemens Xcelerator and Siemens Advanta. He brings extensive experience from various leadership roles within Siemens and Siemens Healthineers and has been instrumental in the successful launch and growth of Siemens Xcelerator.
• Veronika Bienert, 51, has been appointed to the Managing Board as CEO of Siemens Financial Services, also effective October 1, 2024. Bienert has a distinguished 30-year career at Siemens, with significant international experience and a strong track record in management, strategy, and finance. Under her leadership, Siemens Financial Services has become a critical enabler for Siemens’ ecosystem.

Leadership Continuity and Strategic Direction

Jim Hagemann Snabe, Chairman of the Supervisory Board, will be proposed for a two-year extension of his role from February 2025. He expressed gratitude for the trust placed in him and emphasized the importance of these leadership changes for Siemens’ strategic execution.

Roland Busch, President and CEO of Siemens AG, commented: “Welcoming Veronika and Peter to the Managing Board team is a significant step forward. Their impressive experience in finance, strategy, and technology will be invaluable. Cedrik’s contract extension will help us build on our strengths in automation and industrial software, continuing our transformation journey and scaling our digital capabilities. I am also pleased that Jim plans to continue as our chairman, providing essential leadership and support.”

Strategic Impact

The current Managing Board has led Siemens through three consecutive years of record financial performance and strategic advancements. These leadership appointments aim to further strengthen Siemens’ position as a technology leader, supporting its digital and sustainability transformations.

Siemens AG (Berlin and Munich) is a leading technology company focused on industry, infrastructure, transport, and healthcare. From more resource-efficient factories, resilient supply chains, and smarter buildings and grids, to cleaner and more comfortable transportation as well as advanced healthcare, the company creates technology with purpose adding real value for customers. By combining the real and the digital worlds, Siemens empowers its customers to transform their industries and markets, helping them to transform the everyday for billions of people. Siemens also owns a majority stake in the publicly listed company Siemens Healthineers, a globally leading medical technology provider shaping the future of healthcare.
In fiscal 2023, which ended on September 30, 2023, the Siemens Group generated revenue of €77.8 billion and net income of €8.5 billion. As of September 30, 2023, the company employed around 320,000 people worldwide. Further information is available on the Internet at www.siemens.com.

Media Contact:

Simon Krause

krause.simon@siemens.com  

SOURCE: Siemens AG