Siemens ring changes with new CFO

Siemens ring changes with new CFO

Chief strategy officer to control purse strings

Mobile phone giant Siemens has appointed Joe Kaeser as it new chief financial
officer from the 1 May as part of a raft of senior management changes.

Kaeser replaces Heinz-Joachim Neubuerger, who resigned from the company and
whose contract was originally scheduled to expire on 30 September 2007.

In other management changes set to happen in October Hermann Requardt will
succeed Claus Weyrich as chief technology officer, with Eduardo Montes taking
over as group president of the communications group. He will also be appointed
as member of the managing board of Siemens.

Both Kaeser and Requardt will be appointed members of the Siemens corporate
executive committee.

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