Roland Busch succeeds Joe Kaeser as Siemens president and CEO

The term of office of long-serving president and CEO Joe Kaeser has ended, and the leadership of the Munich-based technology company Siemens AG will be transferred from Kaeser to his successor, Roland Busch.

“Joe Kaeser’s departure marks the end of an era. At the same time, the next phase in Siemens’ transformation is beginning,” said Jim Hagemann Snabe, chairman of the supervisory board of Siemens AG.

Snabe also praised Kaeser’s successor, who has worked for the Siemens Group since 1994, most recently as chief operating officer, chief technology officer and deputy CEO: “In all his roles, Roland Busch has delivered impressive performance characterized by strategic wisdom and operating successes.”

According to Kaeser, “In an age of rapid technological transformation, the new Siemens AG needs a person at its helm who has a profound grasp of digital technologies and a high level of implementation competence. For me, that person is Roland Busch.”

“Our company now stands at the threshold of a decade of opportunities,” says Busch. “Together with our customers, we want to lead industry, infrastructure, transportation and healthcare into the digital age – and thereby transform the everyday for billions of people. By pursuing clear strategic priorities, we’ll transform Siemens into a focused technology company that delivers sustainable growth.”

During his career, Busch — who was born in Erlangen, Germany — has gained international experience in a variety of key positions. Among other things, he has served as head of Siemens’ strategy and as a member of the managing board with responsibility for businesses such as rail systems and building technology and for markets such as Asia and the Middle East. Most recently, Busch was chief technology officer and, for a time, labor director, chief operating officer and deputy CEO.

The new management team under Busch’s leadership comprises Ralf Thomas (chief financial officer), Judith Wiese (chief human resources officer), Cedrik Neike (Digital Industries) and Matthias Rebellius (Smart Infrastructure).