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42 Press releases
Munich, Oct 11, 2016
Hermann O. Franz, Chairman of the Supervisory Board of Siemens AG from 1993 to 1998 and longtime member of the company's Managing Board, died on October 7, 2016 at the age of 87.
Munich, Sep 30, 2016
Effective October 1, 2016, Helmuth Ludwig (54) will serve as Siemens' new Chief Information Officer (CIO), thus assuming responsibility for global IT at the company. He succeeds Norbert Kleinjohann (62), who is retiring. Ludwig was previously Chief Digital Officer of the Product Lifecycle Management (PLM) Business Unit at Siemens' Digital Factory Division.
Munich, Sep 23, 2016
The Supervisory Board of Siemens AG and Managing Board member Siegfried have mutually agreed that the company's contract with Siegfried Russwurm, which will expire at the end of March 2017, will not be renewed. Russwurm has been a member of the Managing Board since January 2008 and, in addition to his responsibilities as Chief Technology Officer, was the partner on the Managing Board for the separately managed Healthcare business. In addition, he was responsible for the Middle East and CIS regions.
Munich, Sep 16, 2016
Siemens has successfully placed another large U.S.$ bond issuance following last year's U.S.$7.75 billion transaction. It was the company's third bond placement in the U.S. capital market. In a transaction that ended yesterday, Siemens issued bonds with a total value of U.S.$6.0 billion and maturities of three, five, seven, ten and thirty years.
Buenos Aires, Sep 14, 2016
The Argentinean Ministry of National Production, the Argentinean Investment and Trade Promotion Agency and Siemens intend to cooperate closely in the future. At the Argentinean Business Investment Forum in Buenos Aires, Joe Kaeser, CEO of Siemens AG; Lisa Davis, member of the Siemens AG Managing Board; Francisco Cabrera, Argentinean Minister for Production; and Juan Procaccini, Executive Chairman of the Argentinean Investment and Trade Promotion Agency, signed a corresponding letter of intent. Argentinean President Mauricio Macri and German Minister of Economic Affairs Sigmar Gabriel were on hand for the signing. The agreement sets out the intent to develop solutions in the fields of energy, transport and intelligent cities.
Munich, Sep 01, 2016
Around 1,900 young people will be starting their professional careers at the beginning of the new training year. Around 20 percent of them will prepare for careers in business administration, and 80 percent will complete apprenticeships or work-study programs in technical fields and IT. Roughly one-third of the training positions are in the work-study education programs. Participants in these programs earn a bachelor's degree (Bachelor of Engineering, Science or Arts) as well as the graduation of the German Chamber of Industry and Commerce (IHK) degree. In 2016, Siemens will also be celebrating a special anniversary of its vocational training program: The first year of training began 125 years ago. Since the first "trainee corner" was established in 1891, Siemens has developed over 160,000 young men and women in technical and business professions.
Munich, Aug 04, 2016
"We are making good progress with execution of Vision 2020 and in the third quarter again achieved convincing results, particularly compared to the market. I am proud of my global team which delivered excellent performance, especially with regard to growth, in an increasingly difficult market environment," said Joe Kaeser, President and Chief Executive Officer of Siemens AG.
Munich, Aug 03, 2016
Effective October 1, 2016, Tim Oliver Holt (46), who is currently CEO of the Power and Gas Business Unit within the Power Generation Services Division, has been appointed CEO of the Power Generation Services Division. Holt's replacement in his Business Unit assignment will be the subject of a future announcement. The Division's current CEO, Randy Zwirn (62), is retiring on October 1, 2016.
Munich, Jul 04, 2016
Siemens researchers have developed a new type of electric motor that, with a weight of just 50 kilograms, delivers a continuous output of about 260 kilowatts – five times more than comparable drive systems. This record-setting propulsion system successfully completed its first public flight today at Schwarze Heide Airport near Dinslaken, Germany, where it – almost silently – powered an Extra 330LE aerobatic airplane. The new drive system had already made its maiden flight on June 24th 2016. This advance means that hybrid-electric aircraft with four or more seats will now be possible.
Munich, Jun 29, 2016
Despite a material downturn in the sector, Siemens expects the acquisition of Dresser-Rand and Rolls-Royce's former energy business to generate considerably greater synergies than originally anticipated. At the Energy and Oil & Gas Capital Market Day in Houston, Texas, Siemens Managing Board member Lisa Davis explained that the integration of the two companies was expected to generate synergies of €365 million by fiscal 2019 – or €165 million above the planned figure.