Investors Welcome Signals Siemens CEO Will Stay On
FRANKFURT, Sept 26 Siemens Chief Executive Joe Kaeser has signaled he wants to renew his contract when it runs out in 2018, a move welcomed by investors who have grown to trust the 59-year-old company veteran.
Kaeser ousted his predecessor Peter Loescher in a boardroom coup in July 2013 when he was finance chief. Since then he has streamlined the German group to focus on its strengths in industrial engineering, raised profitability and seen the share price respond this year.
There is still work to be done but investors believe Kaeser deserves a new contract.
Kaeser ousted his predecessor Peter Loescher in a boardroom coup in July 2013 when he was finance chief. Since then he has streamlined the German group to focus on its strengths in industrial engineering, raised profitability and seen the share price respond this year.
There is still work to be done but investors believe Kaeser deserves a new contract.