DGAP-Adhoc: Siemens Aktiengesellschaft: Siemens Supervisory Board makes personnel decisions to set course for next-generation Siemens

2019. szeptember 18., szerda, 17:58

DGAP-Ad-hoc: Siemens Aktiengesellschaft / Key word(s): Personnel

Siemens Aktiengesellschaft: Siemens Supervisory Board makes personnel decisions to set course for next-generation Siemens

18-Sep-2019 / 17:58 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

Munich, September 18, 2019

Disclosure of an inside information according to Article 17 MAR

Siemens Supervisory Board makes personnel decisions to set course for next-generation Siemens

At its regular meeting today, the Supervisory Board of Siemens AG resolved to propose Michael Sen as CEO of the new company in the energy and electricity sector. Plans call for publicly listing the business in September 2020. Michael Sen has also been appointed Co-CEO with Lisa Davis of Siemens" Gas and Power (GP) Operating Company, effective October 1, 2019. The Supervisory Board also appointed Roland Busch Deputy Chief Executive Officer, effective October 1, 2019, and Labor Director of Siemens AG, effective December 1, 2019. Roland Busch will also be responsible for the implementation of the Vision 2020+ strategy. In the summer of 2020, the Supervisory Board plans to make the decision regarding the successor and timing of succession to Joe Kaeser as President and CEO of Siemens AG.


This document contains statements related to our future business and financial performance and future events or developments involving Siemens that may constitute forward-looking statements. These statements may be identified by words such as "expect," "look forward to," "anticipate" "intend," "plan," "believe," "seek," "estimate," "will," "project" or words of similar meaning. We may also make forward-looking statements in other reports, in presentations, in material delivered to shareholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements are based on the current expectations and certain assumptions of Siemens" management, of which many are beyond Siemens" control. These are subject to a number of risks, uncertainties and factors, including, but not limited to those described in disclosures, in particular in the chapter Risks in the Annual Report. Should one or more of these risks or uncertainties materialize, or should underlying expectations not occur or assumptions prove incorrect, actual results, performance or achievements of Siemens may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Siemens neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.

This document includes - in the applicable financial reporting framework not clearly defined - supplemental financial measures that are or may be alternative performance measures (non-GAAP- measures). These supplemental financial measures should not be viewed in isolation or as alternatives to measures of Siemens" net assets and financial positions or results of operations as presented in accordance with the applicable financial reporting framework in its Consolidated Financial Statements. Other companies that report or describe similarly titled alternative performance measures may calculate them differently. Explanations of financial measures used can be found in the Annual Report 2018 of Siemens AG (available at http://www.siemens.com/investor/pool/en/investor_relations/Siemens_AR2018.pdf), in particular in section A.2.

Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.


Sabine Reichel

Head of Siemens Investor Relations

Werner-von-Siemens-Str. 1

80333 Munich

+49 (0) 89-636-32474


18-Sep-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language: English
Company: Siemens Aktiengesellschaft

Werner-von-Siemens-Str. 1

80333 München

Phone: +49 (0)89 636-00
Fax: +49 (0)89 636-1332474
E-mail: investorrelations@siemens.com
Internet: www.siemens.com
ISIN: DE0007236101
WKN: 723610
Indices: DAX, EURO STOXX 50,
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 876073

End of Announcement DGAP News Service

876073  18-Sep-2019 CET/CEST

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