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Siemens (SI)'s U.S. CEO to Step Down by End of Year, New Leader Named



11/30/2016 12:29:10 PM

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Siemens Announces U.S. Leadership Changes

WASHINGTON--(BUSINESS WIRE)--Siemens Corporation today announced that Eric Spiegel (59), CEO of Siemens in the U.S., will leave the company at the end of the year. Lisa Davis (53) has been appointed Chair and CEO of Siemens Corporation, effective January 1, 2017. Judith Marks (53) has been appointed Siemens CEO U.S., effective the same date.

“As the new Administration and Congress begin to outline their priorities, the time is right for Lisa and Judy to guide the company’s outreach and engagement from day one.”

“Eric has grown Siemens’ business and furthered our reputation in the U.S. as a critical contributor to the country’s economic, manufacturing and innovation engines, and we thank him for his leadership,” said Davis, who leads the company’s global energy operations from its oil and gas headquarters in Houston. “Judy has a deep knowledge of Siemens’ entire portfolio that will serve us well during this time of transition and into the future.”

“In announcing my retirement, I am tremendously proud of what my team and I were able to accomplish over the last seven years for one of the world’s leading industrial companies in Siemens’ largest market,” said Spiegel. “As the new Administration and Congress begin to outline their priorities, the time is right for Lisa and Judy to guide the company’s outreach and engagement from day one.”

Marks began her career at Siemens in 2011 as President and CEO of Siemens Government Technologies, Inc., where she led the company’s approach to the federal market. Before coming to Siemens she spent 27 years with Lockheed Martin and its predecessor companies. She will assume the CEO U.S. role in addition to her current position as executive vice president at Dresser-Rand, a Siemens business.

“I look forward to working with Lisa, Siemens employees, and Siemens’ customers during an exciting moment in the company’s history,” said Marks. “Our mission is to make real what matters. It’s to continue setting the benchmark for electrification and automation for our customers while pushing into our newest chapter where we do the same with digitalization. This is a company that is uniquely capable of delivering immense value both to customers and to communities across the U.S.”

Siemens has been in the U.S. for more than 160 years and has invested $35 billion in America in the last 15 years alone. With 50,000 U.S. employees and approximately 75 manufacturing sites, Siemens in the U.S. is using its global leadership in engineering and technology innovation to meet America’s toughest challenges, delivering solutions for industry, hospitals, utilities, cities, and manufacturers: from efficient power generation, to digital factories and oil and gas fields, to medical diagnostics, to locomotives, to next-generation software used in every phase of product development.

To receive expert insights sign up for Siemens’ U.S. Executive Pulse leadership blog. Follow Siemens USA on Facebook and Twitter.

Siemens Corporation is a U.S. subsidiary of Siemens AG, a global powerhouse focusing on the areas of electrification, automation and digitalization. One of the world’s largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of systems for power generation and transmission as well as medical diagnosis. With approximately 351,000 employees in 190 countries, Siemens reported worldwide revenue of $88.1 billion in fiscal 2016. Siemens in the USA reported revenue of $23.7 billion, including $5.4 billion in exports, and employs approximately 50,000 people throughout all 50 states and Puerto Rico.

Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 165 years. The company is active in more than 200 countries, focusing on the areas of electrification, automation and digitalization. One of the world’s largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of efficient power generation and power transmission solutions and a pioneer in infrastructure solutions as well as automation, drive and software solutions for industry. The company is also a leading provider of medical imaging equipment – such as computed tomography and magnetic resonance imaging systems – and a leader in laboratory diagnostics as well as clinical IT. In fiscal 2016, which ended on September 30, 2016, Siemens generated revenue of €79.6 billion and net income of €5.6 billion. At the end of September 2016, the company had around 351,000 employees worldwide. Further information is available on the Internet at www.siemens.com.

Contacts

Siemens
Brie N. Sachse, 202-730-1013
brie.sachse@siemens.com


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