Thursday, October 23, 2025
spot_img

Siemens appoints Roland Busch as new President and CEO

spot_img
- Advertisement -

Siemens appoints Roland Busch as new President and CEO

Siemens AG has successfully completed the succession process for its top management. As long planned, Roland Busch (56) has succeeded long-serving President and CEO Joe Kaeser (63) as head of the Munich-based technology company.

At the company’s virtual Annual Shareholders’ Meeting today, shareholders also confirmed, by a large majority, Supervisory Board Chairman Jim Hagemann Snabe (55) for another four-year term of office.

In addition, shareholders elected Grazia Vittadini (51), Chief Technology Officer of Airbus and member of the Airbus Executive Committee, and Kasper Rørsted (58), CEO of adidas AG, first-time Supervisory Board members, likewise by large majorities. Their terms of office will run for four years.

The total number of people following the virtual meeting, at which a total of around 350 questions were asked, peaked at 7,100.“Grazia Vittadini and Kasper Rørsted are recognized experts in the sustainable transformation and successful digitalization of industries and companies. They’ll both help further diversify the range of expertise represented on the Supervisory Board, which has an outstanding setup for the next chapter of the company’s development,” said Jim Hagemann Snabe. Snabe himself was reelected Chairman of the Supervisory Board of Siemens AG at its constituent meeting immediately following the Annual Shareholders’ Meeting.

The elections were necessary because the appointments of Dr. Nicola Leibinger Kammüller (61), Werner Wenning (74) and Jim Hagemann Snabe had officially expired.

The conclusion of the Annual Shareholders’ Meeting also marked the successful completion of Siemens AG’s long-planned leadership succession process. Roland Busch assumed the position of President and CEO at the same time. Joe Kaeser will stand for reelection to Siemens Energy AG’s Supervisory Board at its Annual Shareholders’ Meeting on February 10, 2021, and for reelection as the Supervisory Board’s Chairman at the Board’s constituent meeting immediately afterwards.

“The smooth transition from Joe Kaeser to Roland Busch as the new President and CEO is the result of farsighted planning combined with close, trust-based collaboration on the part of all involved,” added Snabe. “It has enabled us to successfully lay the basis for immediately continuing – and even accelerating – Siemens’ transformation.”

“On behalf of the Supervisory Board and all Siemens employees, I’d like to thank Joe Kaeser for his dedication to the company, for his more than 40 years of tireless commitment, for his life’s work!” continued Snabe. “At the same time, Roland Busch is the ideal choice to further drive the transformation of Siemens AG. In this effort, the merging of the virtual and real worlds will play a key role.

The aim now is to renew the technological backbone of the economy and society.”Shareholders approved the distribution of a dividend of €3.50 per share for fiscal 2020 as proposed by the Managing and Supervisory Boards. Adjusted by ten percent to account for the market value of the spin-off of Siemens Energy, this amount represents a dividend at the same level as the €3.90 distributed for fiscal 2019.

Shareholders decided by a large majority to ratify the acts of the members of the Managing and Supervisory Boards for fiscal 2020.

spot_img

Editorial

Why TCS Deferred FY25 Salary Hike: Better Hike Ahead?

TCS had initially announced its annual salary hike during...

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Employee Benefits at India’s Big 4 Firms Deloitte, PwC , EY, KPMG

The Big 4 firms; Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst...

TCS Announces 4-8% Salary Hike for FY25, Lowest in Last 4 Years

Tata Consultancy Services (TCS), India's largest IT services provider,...

Must Read

KPMG rolls out Returning Women Programme in India

KPMG India, a leading providers of risk, financial and...

How Budget 2024 Paves the Way for Women at Work?

In a significant stride towards gender equity, the Union...

ADM Appoints Prabha Karhana as GM – Human Resources

ADM, a global leader in nutrition and agricultural origination,...

Technology’s Role in Employee Well-being: Helping or Hurting

Employee well-being broadly covers the health and comfort of...

Aptech Welcomes Atul Jain as New Managing Director and CEO

Aptech Ltd, a pioneer in the non-formal vocational training...

LTIMindtree Launches AI-Powered GCC-as-a-Service

LTIMindtree, a leading global technology consulting and digital solutions...

COVID-19: Maharashtra Govt shuts most manufacturing, restricts e-commerce

COVID-19: Maharashtra Govt shuts most manufacturing, restricts e-commerce India's richest...

Infosys Freshers Left Hanging; IT Industry’s Headcount Blues

Infosys, one of India’s leading IT giants, recently made...

Related Articles

SightsIn Plus
SightsIn Plushttps://sightsinplus.com/
SightsIn Plus is an India’s leading high-quality people-focused monthly HR Magazine and provides up-to-date HR News, Leadership Announcements, Best HR Practices and Insights by Global CHROs, CEOs, HR Advisors, Business Managers and HR Heads on topics of interest to HR professionals. To subscribe SightsIn Plus, HR Magazine please visit- https://sightsinplus.com/subscribe/