Theodor Scheidegger appointed CEO of the Siemens Solar & Hydro Division

Erlangen, (PresseBox) - Effective November 10, 2011, Theodor (Ted) Scheidegger (53) will become CEO of the Solar & Hydro Division of Siemens Energy. Scheidegger previously held executive positions in various companies, most recently as CEO of Sovello AG, one of the leading integrated suppliers of solar wafers, and solar cells and modules. "We're pleased to have secured a recognized leader with international experience in the solar industry as CEO of our new Solar & Hydro Division," said Michael Suess, member of the Managing Board of AG and CEO of the Energy Sector.

Scheidegger studied information technology and production management, and began his professional career at Siemens after gaining a doctorate (Dr. sc. pol.) at the University of Kiel. He worked for Siemens for several years in Canada and then at Siemens Solar Industries in California. He subsequently held various executive positions at companies including Invensys, Emerson and the Precious Woods Group in Germany, Switzerland and the UK. Scheidegger is of dual Canadian/Swiss nationality.

Effective October 1, 2011, Siemens bundled its activities in the fields of solar and hydro power in its new Solar & Hydro Division. The new unit is also the center of competence for the development of energy storage technologies.

Siemens AG Energy Sector

The Siemens Energy Sector is the world's leading supplier of a complete spectrum of products, services and solutions for power generation in thermal power plants and using renewables, power transmission in grids and for the extraction, conversion and transport of oil and gas. In fiscal 2010 (ended September 30), the Energy Sector had revenues of approximately EUR25.5 billion and received new orders totaling more than EUR30.1 billion and posted a profit of more than EUR3.3 billion. On September 30, 2010, the Energy Sector had a work force of more than 88,000. Further information is available at: www.siemens.com/energy.

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