Siemens Chief Executive Joe Kaeser sought to curb expectations on Wednesday for his new strategy for the German engineering group, which he is due to present on May 8. “Don’t expect anything earth-shattering,” he said at a conference. Kaeser, a conservative former finance chief, has been at the helm of Siemens since the beginning of August, and investors have high hopes in his ability to help Siemens regain ground lost to more profitable competitors such as Switzerland’s ABB and U.S.-based General Electric (GE).
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