Hermann Requardt new CEO of Siemens Healthcare Sector
Jim Reid-Anderson resigns from Managing Board for personal reasons
Earlier at its meeting today, the Supervisory Board of Siemens AG accepted the request of Jim Reid-Anderson (49) to resign from his positions as CEO of the Healthcare Sector and member of the Managing Board. Reid-Anderson, who headed the Healthcare Sector for seven months, is stepping down for personal reasons. He had explained to the Chairman of the Supervisory Board that having his family life centered in the U.S. and his official function in Erlangen, Germany, was not compatible over the longer term. All efforts to overcome the resulting challenges proved to be impractical and Reid-Anderson decided in favor of his family.
The Chairman of the Supervisory Board, Gerhard Cromme, regretted this decision, but the Supervisory Board respected Reid-Anderson's personal decision and accepted the termination of the contract effective November 30, 2008. Jim Reid-Anderson and the company also reached an agreement that he will continue to serve the Managing Board in an advisory capacity.
At the same time, the Supervisory Board appointed Hermann Requardt as CEO of the Healthcare Sector. Requardt, who has a doctorate in physics, joined Siemens AG in 1984. Before beingappointed a full member of the Managing Board and Chief Technology Officer of Siemens AG in May 2006, he worked in various positions on the research and development of imaging systems at the company's Medical Systems Group, and later was a member of the Group Executive Management from 2001 to 2006.
Jointly with the long-serving Group President, Erich Reinhardt, Requardt transformed Siemens' medical business from a restructuring case into a market and innovation leader, and initiated the buildup of locally developed and manufactured product lines tailored to Asia's growth markets. "I look forward to returning to where I worked for years. Together with the Healthcare Sector, we will further strengthen and utilize Siemens' outstanding innovative power as an integrated technology company and leverage it to benefit clinics, physicians and patients," said Requardt.
The Managing Board of Siemens AG appointed Michael Sen as the new CFO of the Healthcare Sector. Sen held various positions in the areas of strategic corporate development and finance at company headquarters and in operations since 1996, and has headed the company's Investor Relations department since October 2007. He will retain this position, together with his new function, until the Annual Shareholders' Meeting of Siemens AG on January 27, 2009.
About Siemens AG
Siemens AG (Berlin and Munich) is a global powerhouse in electronics and electrical engineering, operating in the industry, energy and healthcare sectors. The company has around 430,000 employees (in continuing operations) working to develop and manufacture products, design and install complex systems and projects, and tailor a wide range of solutions for individual requirements. For over 160 years, Siemens has stood for technical achievements, innovation, quality, reliability and internationality. In fiscal 2008, Siemens had revenue of EUR 77.3 billion and a net income of EUR 5.9 billion (IFRS). Further information is available on the Internet at: www.siemens.com.