MUNICH, Germany (Reuters) - Top European engineering group Siemens (>> Siemens AG) proposed former SAP (>> SAP SE) co-chief executive Jim Hagemann Snabe as its next chairman ahead of its annual shareholder meeting on Wednesday.

Snabe, a 51-year-old Dane who has been a Siemens supervisory board member since 2013, should take over from Gerhard Cromme after next year's AGM.

He also holds directorships at software maker SAP (>> SAP SE), insurer Allianz (>> Allianz SE), shipping group Moeller-Maersk (>> AP Moeller Maersk A/S) and audio equipment maker Bang & Olufsen (>> Bang & Olufsen A/S)

Siemens said he intended to reduce the number of his supervisory board positions by 2018.

(Reporting by Georgina Prodhan; Editing by Victoria Bryan)