17 Oct '13, 5pm

Siemens realigns regional organization: Cluster setup to be eliminated. Corporate units to be bundled. /ab

The realignment will eliminate an organizational level at the company, and the various countries will be more closely geared to the business of the Sectors. In the future, the countries which are most important for Siemens – based on their business volume and growth prospects – are to report directly to the four Managing Board members who are responsible for the Energy, Healthcare, Industry and Infrastructure & Cities Sectors. These so-called lead countries account for more than 85 percent of the company's revenue, and smaller countries will report directly to them. As part of the realignment of the regional organization, Managing Board responsibility for the various regions will also be reassigned. In the future, Energy CEO Michael Süß will be responsible for the NAFTA region and the Middle East; Healthcare CEO Hermann Requardt, for South America and Japan; Industry CEO S...

Full article: http://www.siemens.com/press/en/pressrelease/2013/corpora...

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