Siemens Technology Chief to Resign

By William Wilkes

FRANKFURT--Siemens AG's Chief Technology Officer Siegfried Russwurm will resign from the company's management board when his contract expires in March 2017, Siemens said on Friday.

Mr. Russwurm has been on Siemens' management board since January 2008, working closely on the Munich-based company's digitization program, the firm said. Mr. Russwurm was also responsible for the Middle East and former Soviet Union countries, as well as being board member responsible for the Siemens' healthcare segment.

"The decision not to extend his contract, which expires on March 31, was made with the full agreement of both parties," Supervisory Board Chairman Gerhard Cromme said.

The company didn't provide a reason for his resignation.

Mr. Russman said he didn't want to "close the door on new challenges."

Write to William Wilkes at william.wilkes@wsj.com

(END) Dow Jones Newswires

September 23, 2016 07:48 ET (11:48 GMT)

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