Siemens CEO Won't Attend Saudi Investment Forum
October 22 2018 - 09:06AM
Dow Jones News
By Nathan Allen
Siemens AG's (SIE.XE) Chief Executive Joe Kaeser on Monday said
he won't attend Saudi Arabia's Future Investment Initiative,
becoming the latest corporate leader to drop out of the conference
in the wake of journalist Jamal Khashoggi's death.
Mr. Kaeser set out his reasons for not attending the event in an
extended blog post on Linkedin, noting that he had received
hundreds of emails and social media posts urging him not to go.
The veteran CEO reaffirmed Siemens's commitment to the country
and said it would continue to support the kingdom's Vision 2030
infrastructure investment plan, but said he wouldn't be able to
attend the event until authorities find out what really
happened.
"We in Germany should know from our history what it can lead to
if people stay out of trouble and don't speak up till it is too
late," he said.
Several other high profile public figures, including U.S.
Treasury Secretary Steven Mnuchin and JPMorgan Chase & Co.'s
(JPM) CEO Jamie Dimon, have already pulled out of the
conference.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
October 22, 2018 08:51 ET (12:51 GMT)
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