MUNICH, Germany - Siemens has completed the succession process for its top management. As long planned, Roland Busch has succeeded long-serving president and CEO Joe Kaeser 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 for another four-year term of office.
In addition, shareholders elected Grazia Vittadini, chief technology officer of Airbus and member of the Airbus executive committee, and Kasper Rørsted as 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.
“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,” Snabe said. “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. 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.”