Siemens surprise as CFO quits
Heinz-Joachim Neubürger, the CFO of German engineering giant Siemens, quits unexpectedly
Heinz-Joachim Neubürger, the CFO of German engineering giant Siemens, quits unexpectedly
In shock move Heinz-Joachim Neubürger, the respected chief financial officer
of Siemens, resigned from the engineering company yesterday.
The 53-year-old was key figure in the complex conglomerate and still had a
year to run on his contract, but said he was leaving the company for ‘personal
reasons’.
According to the Financial Times, Neubürger, who has held the
position for eight years, wanted to rebuild his personal life after a splitting
up with his wife two years ago.
Analysts said they were disappointed to see the departure of Neubürger.
‘It’s a big disappointment. He was one of the best CFOs in Europe. And he was
a very senior figure at Siemens, far more so than other CFOs at other
companies,’ Morgan Stanley analyst Ben Uglow told the FT.
The numbers you crunch tell a story. Your expertis...
18yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThis follows an investigation into undisclosed personal loans and issues with an acquisition. Despite challenges, the company aims to achieve £1bn in ...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThere is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleKPMG confirms reappointment of it's UK chair, while EY announces Janet Truncale as the next EY global chair and CEO Read More...
View articleThe ICAEW has announced the appointment of its forthcoming chief executive Read More...
View article