Supervisory Board Extends Appointment of Siemens CFO Thomas

Source: www.gulfoilandgas.com 9/21/2017, Location: Europe

The Supervisory Board of Siemens AG has extended the appointment of Ralf Thomas as Chief Financial Officer ahead of schedule. His term of office will now continue until September 2023. Following the early extension of CEO Joe Kaeser's contract in August, this move is a clear signal of the company's commitment to continuity.

"Ralf Thomas has played a key role in increasing Siemens' value over the last few years. Through precise analyses and unerringly accurate forecasts, Ralf Thomas has made a major contribution to improving the company's cost structures, transparency and risk management and thus to increasing its value sustainably and successfully. These are just some of the reasons why he enjoys an excellent reputation in the financial market – and within the entire Supervisory Board. We are very much looking forward to continuing our collaboration with him," said Gerhard Cromme, Chairman of the Supervisory Board.

"Ralf is integrity and reliability personified and thus a stabilizing and organizing force in the management team. His contract extension is an important signal of continuity in the company. I am very pleased to have him as a close partner in my team," said Siemens President and CEO Joe Kaeser.

Implementation of the Vision 2020 strategic realignment was initiated at the start of the fiscal year that began on October 1, 2014. The program's key points are the alignment of the company with the growth fields of electrification, automation and digitalization, a sharpening of the portfolio's focus and the implementation of concrete, sustainable measures for enhancing the efficiency of company functions.


Brazil >>  6/27/2022 - Petrobras, informs that its Board of Directors, in a meeting held today, by majority vote, nominated Mr. Caio Mário Paes de Andrade as Petrobras' Dire...
Brazil >>  6/27/2022 - Petrobras informs that its Board of Directors, in a meeting held today, by majority, appointed Mr. Caio Mário Paes de Andrade as a Board Member of Pet...

Malaysia >>  6/27/2022 - Murphy Oil Corporation announced that the Board of Directors has elected Paul D. Vaughan to serve as Vice President and Controller effective July 1, 2...
Russia >>  6/27/2022 - Starting from today, Leonid Fedun, who held a post of Vice President for Strategic Development of PJSC LUKOIL, has left his position due to achievemen...

United Arab Emirates >>  6/27/2022 - In order to speed up the hiring of UAE talent in the private sector and to increase the number of jobs available for UAE citizens in its supply chain ...
United Kingdom >>  6/27/2022 - Further to the announcement made on 9 June 2022, Powerhouse Energy Group plc, the UK technology company commercialising hydrogen production from plast...

Related Categories: Events  Executive Recruiting  General  Legal  Petroleum Associations  Professional Associations  Sourcing & Procurement 

Related Articles: Events  Executive Recruiting  General  Legal  Petroleum Associations  Professional Associations  Sourcing & Procurement 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.