NEW YORK, April 16 /PRNewswire-FirstCall/ -- Siemens Corporation has named
Klaus P. Stegemann its chief financial officer. Stegemann previously served as
the CFO of the Angiography, Fluoroscopy and Radiographic Systems Business of
Siemens AG Medical Solutions in Germany. Stegemann replaces Gerald Wright,
who was named CFO of Siemens Canada earlier this year. He is based at Siemens
Corporation's New York City headquarters.
"Siemens Corporation has two top priorities - improving our bottom line
and providing our customers with total solutions systems that integrate the
technologies and services of all of our U.S. businesses. Klaus has the
experience and management skills to help us accomplish these critical
objectives," said Kleinfeld. "Klaus brings to our U.S. organization the
financial strategies and tools to successfully navigate Siemens through an
increasingly competitive environment. I am confident he will help us forge a
stronger dialogue between the global groups, U.S. operating companies, Siemens
Corporation and Siemens AG, to meet our stringent performance metrics in the
U.S."
Prior to his last assignment, Stegemann worked on projects in both the
U.S. and Germany with Transportation Systems, Automation & Drives, Power
Generation, Industrial Solutions & Services, Medical and the Siemens AG
Corporate headquarters. Earlier in his career, Stegemann served in a number
of positions with increasing responsibility in accounting, reporting and
planning at several major Siemens businesses in Germany.
About Siemens
Siemens AG (NYSE: SI), headquartered in Munich, is a leading global
electronics and engineering company. It employs some 450,000 people in
193 countries, and reported worldwide sales of more than $74 billion in fiscal
2001 (10/1/00 - 9/30/01). The United States is Siemens' largest market, with
nearly 80,000 employees and sales of $18.9 billion for fiscal 2001. For more
information about Siemens in the U.S., go to http://www.usa.siemens.com .
SOURCE Siemens Corporation
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CONTACT:
Paula S. Davis of Siemens Corporation,
+1-212-258-4260
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