Siemens extends CEO, digital contracts for another five years
The Supervisory Board of Siemens has extended the contract of Roland Busch, President and CEO for another five years.
The extension of the CEO contract is an endorsement of the strategic direction and leadership team at Siemens by the supervisory board.
The five-year contract extension for Roland Busch (59) runs from April 1, 2025. The board also extended the appointment of Cedrik Neike (51) as member of the Managing Board and CEO of Digital Industries, for a further five years from June 1, 2025.
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“Siemens has the right strategy and the right leadership team to support future growth and success, building on a track record of outstanding operational execution and technology leadership. Roland Busch has successfully led a strong team with impressive results. He is driving the transformation journey of Siemens in a dynamic market environment. Roland can continue to deliver on his strong aspiration to accelerate digitalization and sustainability for customers and improve people’s lives through technology all over the world,” said Jim Hagemann Snabe, Chairman of the Supervisory Board.
“Cedrik Neike has led the transformation of Digital Industries: solidifying leadership in industrial automation and software, while creating strong customer impact and shaping a winning culture as a role model leader of Siemens’ largest business,” Snabe added.
“Over the last three and a half years, Siemens has achieved remarkable success as a leading technology company. We have delivered record performance in exceptional times. Our innovations are enabling customers to master their digital and sustainability transformations and we are expanding our partnerships to create even more value for customers,” said Roland Busch, President and CEO. “I deeply appreciate Team Siemens for their commitment and dedication. And I am grateful to the Supervisory Board for their trust in me. It is a privilege to lead this great company,” Busch added.
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