Siemens extends contract of CEO Roland Busch for 5 years

Siemens has extended the contract of its President and Chief Executive Roland Busch for another five years, starting April 1, 2025, the German engineering and technology group said on Tuesday.

“The move is a mark of support for the strategy of Siemens as a leading technology company, with the current Managing Board driving three years of record financial performance and the further strategic development of the company,” an official statement said.

Jim Hagemann Snabe, Chairman of the Supervisory Board, said, “Roland Busch has successfully led a strong team with impressive results. He is driving the transformation journey of Siemens in a dynamic market environment. Roland can continue to deliver on his strong aspiration to accelerate digitalization and sustainability for customers and improve people’s lives through technology all over the world.”

“Over the last three and a half years, Siemens has achieved remarkable success as a leading technology company. We have delivered a record performance in exceptional times. Our innovations are enabling customers to master their digital and sustainability transformations and we are expanding our partnerships to create even more value for customers,” said Roland Busch, President and CEO. “I deeply appreciate Team Siemens for their commitment and dedication. And I am grateful to the Supervisory Board for their trust in me. It is a privilege to lead this great company.”

Siemens also plans to extend the contract of Cedrik Neike, member of the Managing Board of Siemens AG and CEO of Digital Industries, for five years from June 2025, when his current contract is set to renew.

“Cedrik Neike has led the transformation of Digital Industries: solidifying leadership in industrial automation and software while creating strong customer impact and shaping a winning culture as a role model leader of Siemens’ largest business,” Snabe added.