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New Siemens (SI) CEO: "Company is Most Definitely Not in a Crisis"


8/7/2013 8:08:14 AM

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Siemens' brand new CEO Joe Kaeser, who took over after the sudden ouster of Peter Löscher, tells shareholders that the company has been too 'preoccupied with itself' lately but that the healthcare giant doesn't need a major overhaul to right the ship again. Newly appointed Siemens (NYSE:SI) CEO Joe Kaeser is bullish about the company's prospects, calling Siemens "virtually unbeatable" – as long as it retains the right people. Kaeser, Siemens' former CFO who took over the corner office just last week, said in a recent shareholders letter that his top priorities at the moment are "to steer Siemens back into calm waters and build a powerful team."

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