Siemens appoints new CEO

Peter Löscher, 49, currently President of Global Human Health, Merck & Co. will be the new President and CEO of Siemens. Löscher will take office on July 1, one day after Dr Klaus Kleinfeld steps down from the post.

“In Peter Löscher, we have found an exceptional individual for the office of President and CEO of Siemens. His upright character, his global background, his outstanding international reputation and his wide-ranging experience in business development and strategy, the financial markets and technology-related issues were the key factors in our decision,” said Gerhard Cromme, Chairman of Siemens’ Supervisory Board.

“It is a great honor and an extraordinary challenge to have been appointed President and CEO. I know Siemens as a company with a rich tradition and strong foundations. I am looking forward to assuming the leadership and the overall responsibility for benefiting the company’s customers, employees, investors and shareholders,” said Peter Löscher.

Löscher studied economics in Vienna, Hong Kong and at Harvard Business School in the United States. Aside from Merck, he has held executive positions at Hoechst, Aventis Pharma, Amersham International, and served on the GE Corporate Executive Council. Since 2006, he has been a member of the Executive Committee at Merck, one of the world’s leading pharmaceutical companies.
Peter Löscher