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61 Press releases
Munich, Nov 12, 2013
Russian President Vladimir Putin visited the production plant of Ural Locomotives yesterday as the company – a joint venture of the Sinara Group and Siemens AG – began the mass production of the new regional trains which go by the name of Lastochka in Russia. Putin was accompanied by Denis Manturov, Minister of Industry and Trade of the Russian Federation, Vladimir Yakunin, President of JSC Russian Railways, Dmitry Pumpyansky, Chairman of the Board of Directors of the Sinara Group, and Joe Kaeser, President and CEO of Siemens AG.
Berlin, Nov 07, 2013
"With a solid fourth quarter, we completed an eventful year in fiscal 2013. Now we're looking ahead and concentrating on measures aimed at improving our profitability, which we are implementing rigorously and prudently. With realignment of the regions, we've made the first strategic moves."
Siemens AG met its previously adjusted targets for the fiscal year ended on September 30, 2013, thanks to a solid fourth quarter. Income from continuing operations was €4.2 billion, compared with €4.6 billion in the previous year. Total Sectors Profit included €1.3 billion (before taxes) related to the Siemens 2014 efficiency program.
Siemens AG plans to carry out a share buyback of up to €4 billion in volume within the next up to 24 months. "We want to let our owners continually share in the company's success. To this end, we have defined a corridor for the company's capital structure in the framework of our 'One Siemens' financial system. We have committed to the shareholders and are holding to this commitment," said Ralf Thomas, Chief Financial Officer of Siemens AG.
Munich, Nov 06, 2013
Siemens is selling parts of its water business to funds managed by AEA Investors LP and – as previously announced – focusing its water-related activities on automation and drive solutions for the operation of water and sewage treatment plants and seawater desalination plants.
Munich, Oct 25, 2013
Sunil Mathur has been appointed CEO of Siemens’ Regional Company in India. Currently the CFO of the Regional Company in India, he will succeed Armin Bruck. Mathur has held a variety of positions at Siemens over the past 25 years. Bruck is moving from India to Singapore, where he has been appointed CEO of Siemens’ Regional Company in this country.
Berlin, Oct 17, 2013
The regional cluster setup which is currently in effect at Siemens is to be eliminated. By implementing this move, which will give the individual countries more competences in the future, Siemens intends to intensify its customer access and expand its regional business. "Eliminating the clusters will make Siemens more streamlined and closer to the markets. We're substantially strengthening our regions, whose heads are our customers' most important contacts," stated Joe Kaeser, President and CEO of Siemens AG.
Munich, Oct 15, 2013
Horst J. Kayser has been appointed the new head of strategy at Siemens, effective November 1, 2013. He succeeds Peter Herweck, who is to make Siemens a leader in the process industry. Janina Kugel, head of human resources at Osram, will assume responsibility for personnel strategy and executive development at Siemens, effective December 1, 2013. The current head of the corporate department Corporate Development Executives, Nicolas von Rosty, will leave the company by mutual agreement.
Munich, Oct 11, 2013
Siemens President and CEO Joe Kaeser and Russian President Vladimir Putin met today for detailed talks in the Russian city of Tuapse. Russian Economics Minister Alexei Ulyukayev, the president of the Russian state oil company ROSNEFT, Igor Sechin, and the CEO of Siemens Russia, Dietrich Moeller, were also present at the meeting. The occasion was the opening of a new ROSNEFT refinery, in whose construction Siemens participated.
Erlangen, Sep 27, 2013
Miguel-Angel López (48), previously the Chief Financial Officer (CFO) of the Industry Automation Division, will become the new CFO of the Industry Sector, effective October 1. The business economist will succeed Ralf Thomas (52), who was appointed Chief Financial Officer of Siemens AG in mid-September 2013. López has served as the CFO of various business areas of Siemens VDO, Automation and Drives, Software and, since 2008, of the Industry Automation Division.