Siemens: CEO's term extended to 2030
In a press release, the governing body said it wanted to demonstrate its confidence in the company's current trajectory towards becoming a "leading technology company".
The term of office of 59-year-old CEO Roland Busch, which was due to end next year, will therefore be extended until 2030.
The supervisory board also plans to reappoint 51-year-old Cedrik Neike as head of the key Digital Industries division (automation and digitization of industry), again for a period of five years.
On the Frankfurt Stock Exchange, Siemens shares were little changed (-0.2%) on Tuesday morning following this announcement.
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