• Electrical India
  • Sep 29, 2017

Supervisory Board extends appointment of Siemens CFO Thomas

 The Supervisory Board of Siemens AG has extended the appointment of Ralf Thomas as Chief Financial Officer (CFO) 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.

  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 digitalisation, a sharpening of the portfolio's focus and the implementation of concrete, sustainable measures for enhancing the efficiency of company functions.