Siemens appoints new CEO, shakes up management team

摘要

Siemens AG has selected a new president and CEO after Joe Kaeser, 62, told the company's supervisory board that he will not seek a contract extension. Roland Busch, 55, becomes Siemens' new president and CEO, effective(at the latest) at the end of the company's next ordinary annual shareholders' meeting, set for Feb. 3, 2021. Siemens will give Busch, currently the company's deputy CEO, a new five-year contract, effective April 1. Busch, already responsible for planning and implementing the budget for the fiscal year 2021, will also assume all relevant responsibilities within the managing board and handle integration and management of Siemens' businesses, such as Smart Infrastructure, Digital Industries and Mobility.