Siemens Names Deputy CEO, Proposes Future Energy Business's Boss
September 18 2019 - 12:55PM
Dow Jones News
By Max Bernhard
Siemens AG (SIE.XE) made two key executive decisions Wednesday,
naming Roland Busch as deputy chief executive of the company and
proposing Michael Sen as head of its energy business.
Mr. Busch, who is currently the German industrial company's
chief operations and chief technology officer, will take his new
role on Oct. 1. He is also appointed as Siemens's labor director,
effective Dec. 1, the company said.
Siemens said it would also propose Michael Sen--currently
responsible for the company's equity investment in Siemens Gamesa
Renewable Energy SA (SGRE.MC)--as CEO of its future energy
business, which Siemens plans to list in September next year. Mr
Sen has also been appointed Co-CEO of Siemens's Gas and Power
Operating Co., effective Oct. 1.
The company's supervisory board will decide on a successor for
current Chief Executive Joe Kaeser in the summer of next year,
Siemens said.
"Michael Sen's appointment as CEO will put a strong, strategic
leader at the helm of the future energy business. During his time
at E.ON, he gained broad experience in the energy industry on both
the customer and supplier sides," Supervisory Board Chairman Jim
Hagemann Snabe said.
Write to Max Bernhard at max.bernhard@dowjones.com;
@mxbernhard
(END) Dow Jones Newswires
September 18, 2019 12:40 ET (16:40 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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