Shmuel Fledel appointed CEO of Siemens' Solar Thermal Energy Business Unit

(PresseBox) ( Erlangen, )
Effective February 1, 2012, Shmuel Fledel (58) will become CEO of the Solar Thermal Energy Business Unit in the Solar & Hydro Division of Siemens Energy. Fledel is an aeronautical engineer and has vast experience in production process improvement. He has profound knowledge of engineering, finance and marketing, which he gained in various high-level management positions during his career.

"Shmuel Fledel will lead us forward as we optimize our processes and strategy, strengthen our business, and implement the utilization of ecofriendly solar thermal technology in existing and new applications. Here, research and development will play a key role," said Ted Scheidegger, CEO of the Solar & Hydro Division of Siemens Energy.

Until 2005, Fledel was President & CEO of Cyclone Aviation Products Ltd., a company specialized in aircraft structures production and helicopter maintenance and services. Between 2005 and 2008, Fledel as company executive vice president was responsible for maintenance and engineering for the El Al Airlines. Since 2008, Fledel was President & CEO of TAT Technologies Group, a company whose production, maintenance and overhaul portfolio includes heat exchanger systems and components, electromotive systems, auxiliary power units, landing gear and air conditioning systems.

Solar thermal power plants are part of Siemens' Environmental Portfolio. In fiscal 2011, revenue from the Portfolio totaled about EUR30 billion, making Siemens one of the world's largest suppliers of ecofriendly technologies. In the same period, our products and solutions enabled customers to reduce their carbon dioxide (CO2) emissions by nearly 320 million tons, an amount equal to the total annual CO2 emissions of Berlin, Delhi, Hong Kong, Istanbul, London, New York, Singapore and Tokyo.

The full text of the press release and a press pircture can be found in the attached PDF and at:

http://www.siemens.com/press/pi/EX201202026e
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