Siemens organizes operations in three Sectors with total of 15 Divisions
Siemens AG has taken a further important step in restructuring the company. The company plans to organize its operations in the three Sectors Industry, Energy and Healthcare into 15 Divisions as of January 2008. "This new and more focused company structure will further increase our profitability and transparency. Clear responsibilities will ensure that we are faster in the market and closer to our customers," said Siemens President and CEO Peter Löscher. The Industry and Energy Sectors will each have six Divisions, and the Healthcare Sector three.
General Manager of Siemens Sanayi ve Ticaret A.Ş. Hüseyin Gelis, stated that the company plans to organize its operations in the three sectors which will be in the favor of customers and Turkey will quickly harmonize with the new organizational structure, as well. Gelis states, "We realized a meeting about our strategies with our management team last week. We reflected the past, and focused on the present and at the same time we defined our targets for future. In the meeting, we decided that the new organizational structure which will enable us to be more flexible and focused will be announced in the first quarter of 2008".
The Industry Sector will be headed by Heinrich Hiesinger (47) and comprises six Divisions: Industry Automation, Motion Control, Building Technologies, Industry Solutions, Mobility and Osram. Wolfgang Dehen (53) will head the Energy Sector, which will also have six Divisions: Fossil Power Generation, Renewable Energy, Oil & Gas, Service Rotating Equipment, Power Transmission, and Power Distribution. Erich R. Reinhardt (61) will be responsible for the Healthcare Sector, which will be organized in three Divisions: Imaging & IT, Workflow & Solutions and Diagnostics.
Siemens IT Solutions and Services as well as Siemens Financial Services (SFS) will support Sector activities as business partners and, in addition, continue building up their own business with external customers. Christoph Kollatz (46) will continue to head Siemens IT Solutions and Services and Dominik Asam (38) will remain head of SFS.
The company's financial reporting will be adapted to reflect the new organizational structure in the second half of the fiscal year, and the new form will be published for the first time in the third quarter.
Siemens AG (Berlin and Munich) is a global powerhouse in electronics and electrical engineering, operating in the industry, energy and healthcare sectors. The company has around 400,000 employees (in continuing operations) working to develop and manufacture products, design and install complex systems and projects, and tailor a wide range of solutions for individual requirements. For over 160 years, Siemens has stood for technical achievements, innovation, quality, reliability and internationality. In fiscal 2007, Siemens had revenue of €72.4 billion and income from continuing operations of €3.9 billion (IFRS). Further information is available on the Internet at: www.siemens.com
