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Continuity and change: the Supervisory Board Chairmen of Siemens AG since 1966 have a decisive influence on the development of the company.
Jim Hagemann Snabe
Jim Hagemann Snabe studied Operational Research and Finance at Aarhus School of Business from 1984 to 1990. A native of Denmark, Snabe began his career at the enterprise software company SAP AG in 1990, working initially as a consultant and subsequently as head of consulting at SAP’s Danish subsidiary. After moving to IBM Denmark in 1994, he returned to SAP just two years later. Starting in 1996, Snabe held various management positions at SAP, serving first as Managing Director of the company’s Swedish subsidiary and of its Nordic region and then as a member of SAP’s EMEA management team, a member of the global development unit and Chief Operating Officer of the Business Solution Group before becoming head of research and development. In 2008, Snabe was appointed to the Managing Board of SAP, where he was the member responsible for research and development. From 2010 to 2014, he was Co-Chief Executive Officer of the company.
On October 1, 2013, Jim Hagemann Snabe was appointed to the Supervisory Board of Siemens AG. At the beginning of February 2017, this governing body recommended that Snabe succeed Gerhard Cromme as its Chairman. Snabe was elected Chairman of the Supervisory Board immediately following the conclusion of the Annual Shareholders’ Meeting on January 31, 2018.
Siemens is leading the digital transformation of the industrial world. Digitalization presents enormous opportunities for Siemens but also places new demands on our business in terms of skills, innovation and speed of change.
Gerhard Cromme studied law and economics from 1962 to 1971, at the Universities of Münster, Lausanne, Paris and at Harvard University (PMD). A native of Lower Saxony, Cromme began his career with the French industrial group Compagnie de Saint-Gobain. In 1986, he moved to Germany’s Krupp group, initially as CEO of Krupp Stahl AG in Bochum, and later as Chairman of the Management Board of Fried. Krupp AG Hoesch-Krupp in Essen. In 1999, Cromme was one of the initiators of the merger of Krupp and Thyssen to form ThyssenKrupp AG, where he and former Thyssen manager Ekkehard Schulz were joint CEOs until September 2001. He was then elected Chairman of the Supervisory Board of ThyssenKrupp AG, an office he held until 2013.
Cromme wserved as a member of the Supervisory Board of Siemens AG from January 23, 2003, to January 31, 2018, and was elected Chairman of this governing body on April 25, 2007. The first years of his term as Chairman of the Supervisory Board were dominated by the handling of the compliance crisis together with a new Managing Board headed by Peter Löscher. By appointing Joe Kaeser President and CEO of Siemens AG in August 2013 and supporting the company’s reorientation under Vision 2020, Gerhard Cromme and the Supervisory Board made an important contribution to stability at Siemens.
Heinrich von Pierer
Heinrich v. Pierer studied law and economics at the University of Erlangen-Nuremberg, Germany. He joined Siemens in 1969 and began his professional career in the legal department. In 1977, Pierer moved to the power generation company Kraftwerk Union AG (KWU), which was then an independent entity. In 1988, he was appointed head of business administration at KWU, which had then become part of Siemens, and a member of its Group Executive Management. The following year, he was appointed President of KWU and a member of the Managing Board of Siemens AG. Pierer was appointed to Siemens’ Corporate Executive Committee in 1990 and Deputy Chairman of its Managing Board in 1991. He served as President and Chief Executive Officer of Siemens AG from October 1, 1992, to January 27, 2005.
With Pierer at the helm, Siemens was transformed from a company that was largely focused on public-sector customers in regulated markets into a global competitor that was increasingly forced to meet shareholder expectations. Under his leadership, sweeping programs were introduced to master this transition. These programs culminated in the Siemens Management System with three key strategic topics – innovation, customer focus and global competitiveness – and in a set of concrete management tools whose application was mandatory company-wide. Pierer also ensured that Siemens’ business portfolio was continually reviewed. All businesses were to occupy leading market positions. If a unit didn’t perform as expected, there were only five options: fix, buy, cooperate, sell or close.
Pierer was elected to the Supervisory Board at the Annual Shareholders’ Meeting on January 27, 2005, and held the position of Supervisory Board Chairman until April 25, 2007.
Karl-Hermann Baumann joined Siemens in 1970 after obtaining a doctorate in business administration. He began his career in the company’s Central Finance Division, where he worked initially in the areas of financial reporting and financing. From 1978 until 1982, he was Senior Vice President of Siemens Capital Corp. in the U.S. After returning to Germany in 1983, Baumann was appointed head of financial reporting in the Corporate Finance Division.
In the summer of 1987, he was appointed Deputy Member of the Managing Board of Siemens AG. As head of the Corporate Finance Department, he was a member of the company’s Central Committee, and following Siemens’ reorganization in 1989, of its Corporate Executive Committee. During his ten years as Siemens CFO, Karl-Hermann Baumann made a key contribution to the electrical engineering company’s international orientation. He also laid the financial groundwork for its expansion. By establishing Siemens Kapitalanlagegesellschaft, a capital investment company, in 1993 and Siemens Financial Services in 1997, he reoriented the Finance Division.
On February 19, 1998, Baumann moved to the Supervisory Board, of which he was Chairman until January 27, 2005.
After obtaining a doctorate in electrical engineering, Hermann Franz began his Siemens career in 1957 as a sales engineer at Siemens-Schuckertwerke in Essen, Germany. In the following years, he headed a number of Siemens businesses in the area of energy technology before being appointed to head Sherhate Sahami, Siemens’ Iranian subsidiary in Teheran. A year later, he was appointed head of Zentralverwaltung Ausland, the central administrative unit for Siemens’ business activities outside Germany.
In 1980, Franz was appointed Deputy Member of the Managing Board of Siemens AG. Starting in 1985, he headed the Electrical Installations and Automotive Systems Group and, in this capacity, was also a member of the company’s Central Committee. Three years later, he was appointed to head the Corporate Planning and Development Division. In this position, he was instrumental in shaping Siemens’ new organizational structure, which was rolled out in 1989. In the same year, he was appointed to the company’s Corporate Executive Committee.
Franz became Chairman of the Supervisory Board, effective March 11, 1993. He left the Board on February 20, 1998, ending a 40-year career. Hermann Franz died on October 7, 2016, at the age of 87.
Heribald Närger, who held a doctorate in law, joined Siemens in 1963 after working for the Bayerische Vereinsbank. He was appointed a deputy member of the Managing Boards of both Siemens & Halske and Siemens-Schuckertwerke. After the establishment of today’s Siemens AG and his appointment as a full member of the Siemens Managing Board, Närger headed the Central Finance Department from 1968 to 1988. As CFO, he adjusted the company’s financial management at an early stage to meet the requirements of a global company.
After 25 years of service on Siemens’ Managing Board, Heribald Närger was appointed Chairman of the company’s Supervisory Board in March 1988. In this position, he supported Siemens’ comprehensive organizational reform in 1988/1989. Närger left the Supervisory Board at the end of his term of office on March 11, 1993 after a 30-year career at the company. He died on April 26, 2015, in Grünwald near Munich.
A vision has the effect of shaping the corporate culture, in other words the way employees think, decide and act.
Bernhard Plettner was first employed at Siemens in 1937, when he interrupted his studies at the Technical University of Darmstadt for a semester to work as an intern at Siemens-Schuckertwerke in Berlin and Mühlheim / Ruhr, Germany. Upon completing his university degree, he returned to the company’s Industry Department in Berlin in 1940. There, he first worked as a project engineer, designing and marketing industrial and power systems in and outside Germany.
After the war, Plettner put this experience to good use in helping rebuild the company’s export business. Six years later, he was appointed head of the planning department for the raw materials industry. This department was responsible, among other things, for the construction of the Rourkela steel mill in India – the company’s first major export project in post-war Germany.
In 1959, Bernhard Plettner was appointed to the Managing Board of Siemens-Schuckertwerke. In 1961, he was appointed Deputy Chairman of the Board and, in 1962, its Chairman. After the establishment of Siemens AG, he was first a member of its new three-man Presidency, then Deputy Chairman of the Managing Board. In 1971, he was appointed President and Chief Executive Officer of Siemens AG. In 1981, Plettner was the first person from outside the Siemens family to be appointed Chairman of the Supervisory Board, a position he held until 1988. Bernhard Plettner died in Erlangen, Germany, on November 2, 1997.
Peter von Siemens
Peter von Siemens was a great-grandson of the company’s founder. In 1934, after obtaining a doctorate in economics, he began working as an intern at Siemens & Halske in Berlin. In 1936, he joined Siemens-Reiniger-Werke, where he was responsible for managing the sale of medical engineering products in Brazil and Argentina. In 1940, he was appointed to head the company’s Argentine business in order to establish a factory for X-ray and electro-medical equipment in Buenos Aires. He was interned in Buenos Aires and did not return to Germany until 1948.
In 1950, Peter von Siemens moved to Siemens-Schuckertwerke in Erlangen, Germany, where he worked in the central sales administration department. He was appointed department head in 1957. In 1959, he was appointed to the Managing Board of Siemens-Schuckertwerke. Four years later, he joined the company's Supervisory Board. In 1967, he was appointed Deputy Chairman of the Supervisory Board of Siemens AG. He was Chairman of the Board from 1971 to 1981.
In addition to his activities at the company, Peter v