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Future Siemens Energy CEO Sen steps down as chair of Siemens Healthineers

November 27, 2019 at 04:31 am EST

Michael Sen is stepping down as the chairman of Siemens Healthineers so that he can focus on his future as the chief of Siemens' energy businesses, the German healthcare technology company said on Wednesday.

The move comes as Siemens makes plans to split off its energy units from its core industrial business, which includes its digital, mobility and healthcare arms.

Sen, currently the co-CEO of Siemens' gas and power operating division, is slated to become the CEO of the newly formed Siemens Energy, which is scheduled to list publicly in September 2020.

"I am now putting all my strength into the upcoming spin-off and the successful future of that exciting company," Sen said.

Replacing Sen as chair of Healthineers is Ralf Thomas, who has been Siemens' chief financial officer since 2013 and a member of Healthineers' supervisory board. Siemens owns 85% of Healthineers after the division went public last year.

The move is effective Nov. 30.

(Reporting by Tom Sims, editing by Louise Heavens)

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	SIEMENS HEALTHINEERS AG	52.3 EUR	-0.87%	+2.19%	62.91B
	SIEMENS AG	173.7 EUR	-0.54%	-1.04%	146B

Michael Sen

Michael Sen is currently the Chief Executive Officer at Fresenius SE & Co. KGaA, Fresenius Management SE, and the Chairman-Supervisory Board at Fresenius Medical Care AG, Fresenius Medical Care Management AG, and Fresenius Kabi AG.
He previously held the position of Chief Financial Officer at Siemens Healthcare Services Ltd.
Mr. Sen's former positions include Chief Executive Officer-Power & Gas at Siemens AG, Executive Chairman-Supervisory Board at Siemens Healthineers AG, Director at Siemens Gamesa Renewable Energy SA, Chief Financial Officer at E.ON SE, Member-Management Board at Siemens Ltd.
China, Member-Management Board at Siemens Ltd.
(South Korea), Member-Management Board at Siemens Healthcare KK, Member-Management Board at Siemens Japan Holding KK, and Member-Supervisory Board at Uniper SE.
He obtained an MBA from the Technical University of Berlin in 1991.

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