Siemens – Siemens AG Supervisory Board announces executive leadership appointments to accelerate transformation and value creation
- The Supervisory Board of Siemens AG announced the expansion of the Managing Board
- Five-year contract extension of Cedrik Neike (51), member of the Managing Board of Siemens AG and CEO of Digital Industries, from June 1, 2025
- Peter Koerte (48) appointed member of the Managing Board of Siemens AG and Chief Technology and Chief Strategy Officer with responsibility for Siemens Xcelerator and Siemens Advanta, effective October 1, 2024
- Veronika Bienert (51) appointed member of the Managing Board of Siemens AG and CEO Siemens Financial Services with responsibility for the service portfolio of Siemens Real Estate and Global Business Services, effective October 1, 2024
- Proposal to extend Jim Hagemann Snabe’s role as Chairman of the Supervisory Board of Siemens AG for two years, from February 2025
The Supervisory Board of Siemens AG today announced leadership appointments to build on the company’s position of strength and accelerate value creation as a leading technology company. The current Managing Board has led the company through three record years of financial performance and strategic developments to accelerate the digital and sustainability transformations of its customers.
With the five-year contract extension of Cedrik Neike, the Supervisory Board underscores its confidence in him to successfully continue the transformation of the industrial automation and software business, as well as leverage the benefits of the ongoing transition to a software-as-a-service model.
The Managing Board will benefit from the addition of two leaders with diverse, broad-based experience. Peter Koerte has held a range of business leadership roles in Siemens and Siemens Healthineers, as well as bringing deep strategy and technology experience – working in France early in his career and then for eight years in the United States with Siemens Healthineers. He was appointed Chief Technology and Chief Strategy Officer in 2020. Koerte has led Siemens Xcelerator from conception to its launch in June 2022; the open digital business platform is well on track growing at more than ten percent per annum.
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.
“I am also delighted that Jim plans to continue to serve as our chairman. His professional and collaborative chairmanship, and his continuous support in executing Siemens’ strategy are vital to the entire team. With the combined experience in our boards, Siemens is in the strongest position ever to help our customers with their digital and sustainability transformations on a path of high value growth.”
SourceSiemens
EMR Analysis
More information on Siemens: See full profile on EMR Executive Services
More information on Jim Hagemann Snabe (Chairman of the Supervisory Board, Siemens AG): See full profile on EMR Executive Services
More information on Dr. Roland Busch (President and Chief Executive Officer, Siemens AG): See full profile on EMR Executive Services
More information on Siemens Digital Industries (DI): See full profile on EMR Executive Services + https://new.siemens.com/global/en/company/about/businesses/digital-industries.html + Siemens DI is an innovation leader in automation and digitalization. Closely collaborating with partners and customers, DI drives the digital transformation in the process and discrete industries. With its Digital Enterprise portfolio, DI provides companies of all sizes with an end-to-end set of products, solutions and services to integrate and digitalize the entire value chain. Optimized for the specific needs of each industry, DI’s unique portfolio supports customers to achieve greater productivity and flexibility. DI is constantly adding innovations to its portfolio to integrate cutting-edge future technologies. Siemens Digital Industries has its global headquarters in Nuremberg, Germany, and has around 72,000 employees internationally.
More information on Cedrik Neike (Member of the Managing Board and Chief Executive Officer, Siemens Digital Industries (DI), Siemens AG): See full profile on EMR Executive Services
More information on Peter Körte (Chief Technology Officer & Chief Strategy Officer, Siemens AG till October 1, 2024 + Member of the Managing Board and Chief Technology and Chief Strategy Officer with responsibility for Siemens Xcelerator and Siemens Advanta, Siemens AG, as from October 1, 2024): See the full profile on EMR Executive Services
More information on Xcelerator by Siemens: https://www.sw.siemens.com/en-US/digital-transformation/ + Xcelerator provides the engineering and manufacturing software, services and application development platform to blur the boundaries between industry domains. Companies can use this technology today to build the products of tomorrow. Turn complexity into your competitive advantage with Xcelerator.
Siemens Xcelerator consists of three pillars:
- Portfolio: A curated, modular portfolio of IOT-enabled hardware and software based on standard application programming interfaces, facilitating the integration of information technology (IT) and operational technology (OT).
- Ecosystem: A growing ecosystem of partners.
- Marketplace: Interactions and transactions among customers, partners and developers.
More information on Siemens Advanta (formerly Siemens IoT Services): https://www.siemens-advanta.com + Siemens Advanta is a strategic advisor and trusted implementation partner, driving its clients’ unique digital and sustainability transformation journey from concept to implementation. With its highly skilled experts, Siemens Advanta creates tailored end -to -end solutions from strategy and operations consulting, design and prototyping, to software engineering and implementation – a “one -stop shop” along every stage of its clients’ digital and sustainability transformation journey. Clients benefit from the deep knowledge of both IT and OT, the experience of holistic advisory solutions and services along the entire value chain, and the long -standing Siemens domain and technology expertise.
No longer reported since 2022. Transferred to the item Financing, eliminations and other items.
More information on Todd Weatherby (Chief Executive Officer, Siemens Advanta, Siemens AG): See full profile on EMR Executive Services
More information on Siemens Financial Services (SFS): https://new.siemens.com/global/en/company/about/businesses/financial-services.html + Aligning ourselves with the growth fields of electrification, automation and digitalization, we support customer investments with leasing solutions for equipment, project and structured financing, and corporate lending solutions. We provide capital for Siemens customers as well as external businesses. Our financial and industry know-how creates customer value and enhances customer competitiveness while building trust in new technologies and facilitating their market launch.
More information on Veronika Bienert (Chief Executive Officer, Siemens Financial Services (SFS), Siemens AG till October 1, 2024 + Member of the Managing Board and Chief Executive Officer, Siemens Financial Services (SFS) with responsibility for the service portfolio of Siemens Real Estate and Global Business Services, Siemens AG, as from October 1, 2024): See full profile on EMR Executive Services
More information on Siemens Real Estate (SRE): https://www.siemens.com/global/en/company/about/businesses/real-estate.html + Siemens Real Estate Services (Service & Governance): Specializes in solutions for the operation of office, industrial and specialized buildings. Siemens Real Estate (SRE) offers Siemens as well as external customers holistic solutions for the entire real estate lifecycle – from strategy to development to operation. As a pioneer in corporate real estate management, SRE drives the transformation of office and production sites around the globe and significantly increases the efficiency and flexibility of its customers. This embraces the implementation of innovative workplace concepts that support future -oriented hybrid working, as well as the use of intelligent and sustainable solutions to strengthen the future viability and resilience of industrial sites. As such, SRE is also making a substantial contribution to the company’s target of being carbon neutral by 2030.
No longer reported since 2022. Transferred to the item Financing, eliminations and other items.
More information on Jörg Vocke (Chief Executive Officer, Siemens Real Estate (SRE), Siemens AG): See the full profile on EMR Executive Services
More information on Siemens Global Business Services (GBS): https://www.siemens.com/global/en/products/services/gbs.html + Designs, innovates, and efficiently operates business services for Siemens AG units worldwide as well as external customers. Siemens Global Business Services (GBS) enables Siemens AG units worldwide and external customers to accelerate their business transformation into a sustainable and digital future. Its portfolio comprises services driven by expertise and the latest technology – with a strong focus on innovation and digitalization in areas like business administration, human resources, supply chain management, sales, marketing, and engineering. Siemens GBS provides business services for Siemens AG, Siemens Energy AG, and Siemens Healthineers AG and serves its clients globally out of four major Hubs and one service unit. Siemens GBS headquarters are based in Munich, Germany.
No longer reported in 2022. Transferred to the item Financing, eliminations and other items.
More information on Eckard Eberle (Chief Executive Officer, Siemens Global Business Services (GBS), Siemens AG): See the full profile on EMR Executive Services
More information on Siemens Healthineers AG: https://www.siemens-healthineers.com/company + Siemens Healthineers is a leading medtech company with over 125 years of experience. Our portfolio, spanning from in-vitro and in-vivo diagnostics to image-guided therapy and innovative cancer care, is crucial for clinical decision-making and treatment pathways. With our strengths in patient twinning, precision therapy, as well as digital, data, and artificial intelligence (AI), we are well positioned to take on the biggest challenges in healthcare. We will continue to build on these strengths to help fight the world’s most threatening diseases, improving the quality of outcomes, and enabling access to care. We are a team of 66,000 highly dedicated employees across more than 70 countries passionately pushing the boundaries of what’s possible in healthcare to help improve people’s lives around the world.
More information on Dr. Bernd Montag (Chief Executive Officer, Siemens Healthineers AG, Siemens AG): See the full profile on EMR Executive Services
EMR Additional Notes:
- SaaS (Software as a Service):
- Cloud-based service where instead of downloading software your desktop PC or business network to run and update, you instead access an application via an internet browser. The software application could be anything from office software to unified communications among a wide range of other business apps that are available.
- This offers a variety of advantages and disadvantages. Key advantages of SaaS includes accessibility, compatibility, and operational management. Additionally, SaaS models offer lower upfront costs than traditional software download and installation, making them more available to a wider range of businesses, making it easier for smaller companies to disrupt existing markets while empowering suppliers.
- The major disadvantage of SaaS applications is that they ordinarily require an internet connection to function. However, the increasing wide availability of broadband deals and high-speed phone networks such as 5G makes this less of an issue. Additionally, some SaaS applications have an offline mode that allows basic functionality.