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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.

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