By Mengqi Sun
Siemens AG has promoted an internal lawyer to oversee the company's global compliance organization, the company said Friday.
Annette Kraus, 45 years old, has been named chief compliance officer of the German industrial company. She succeeds Martina Maier, who is leaving the company for personal reasons, the company said.
Ms. Kraus, who takes on the role effective Saturday, will bring her years of expertise in compliance to the position, the company said. She joined Siemens in 2009 and most recently served as the chief counsel compliance and head of the global investigation team, after serving in a variety of the company's compliance management positions. She worked as a compliance adviser before joining Siemens, according to a statement from the company announcing her appointment.
"Annette Kraus has demonstrated her ability very successfully in a wide variety of positions at Siemens for more than ten years," Andreas Hoffmann, general counsel and head of the legal and compliance department at Siemens, said in the statement.
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(END) Dow Jones Newswires