Siemens : Supervisory Board extends appointment of Siemens CFO Thomas
September 21, 2017 at 02:40 am EDT
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'Ralf Thomas has played a key role in increasing Siemens' value over the last few years. Through precise analyses and unerringly accurate forecasts, Ralf Thomas has made a major contribution to improving the company's cost structures, transparency and risk management and thus to increasing its value sustainably and successfully. These are just some of the reasons why he enjoys an excellent reputation in the financial market - and within the entire Supervisory Board. We are very much looking forward to continuing our collaboration with him,' said Gerhard Cromme, Chairman of the Supervisory Board.
'Ralf is integrity and reliability personified and thus a stabilizing and organizing force in the management team. His contract extension is an important signal of continuity in the company. I am very pleased to have him as a close partner in my team,' said Siemens President and CEO Joe Kaeser.
Implementation of the Vision 2020 strategic realignment was initiated at the start of the fiscal year that began on October 1, 2014. The program's key points are the alignment of the company with the growth fields of electrification, automation and digitalization, a sharpening of the portfolio's focus and the implementation of concrete, sustainable measures for enhancing the efficiency of company functions.
Siemens AG published this content on 21 September 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 21 September 2017 06:39:02 UTC.
Original documenthttps://www.siemens.com/press/en/pressrelease/2017/corporate/pr2017090441coen.htm
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Siemens AG is one of the world's leading manufacturers of electronic and electro-technical equipments. Net sales (including intragroup) break down by family of products as follows:
- digital industrial equipment (28.2%): automated production, assembly, logistics and monitoring systems, etc.;
- medical equipment (27.8%): medical imaging systems, laboratory diagnostics and hearing aid systems, etc.;
- smart building and infrastructure solutions (25.6%): energy transition solutions, HVAC products (heating, ventilation and air conditioning systems), building security systems (fire detection and protection systems, access control, video surveillance and intrusion detection systems, etc.), building management systems, etc.;
- mobility solutions and systems (13.5%): rail vehicles, rail automation systems, rail electrification systems, digital and cloud-based solutions, etc.
The remaining net sales (4.9%) are primarily from financial activities (leasing, equipment and project financing, financial consulting services, etc.).
Net sales are distributed geographically as follows: Germany (16.3%), Europe/CIS/Africa/Middle East (30.8%), the United States (23.9%), America (5.2%), Asia and Australia (23.8%).