NEW YORK, April 22 /PRNewswire-FirstCall/ -- Siemens Corporation has named
Denice Kronau president and chief executive officer of Siemens Shared
Services, LLC, a wholly owned subsidiary. Siemens Shared Services provides
support services primarily to Siemens operating companies in the United
States. Services range from import/export to human resources solutions to
travel management to accounting.
Her appointment reflects the rapid growth and impact of Shared Services
within Siemens USA. She replaces Gregory Finley, who as CEO led the company
through its critical start-up phase, resulting in significant cost savings and
other benefits to Siemens. Finley will assume the duties of chief operating
officer and will focus primarily on providing his operational expertise to the
business units of Shared Services. Kronau will formulate the ongoing vision
and strategy for the company overall, as well as focus on developing new
services. Kronau reports to Klaus Stegemann, chief financial officer of
Siemens Corporation and chairman of the Siemens Shared Services board of
directors.
"Siemens Shared Services is an important partner to Siemens' businesses
because it sets stringent productivity programs across our organization and
enables us to achieve greater operating and cost efficiencies," said
Stegemann. "Denice understands the intricacies of running an entrepreneurial
business while at the same time working within the framework of a large
corporate organization. This unique combination of qualifications, together
with her background in shared services organizations, makes Denice the ideal
person to lead and grow Siemens Shared Services."
Most recently, Kronau was with Gunn Partners working as a Senior
Consultant to the Program Director for worldwide global shared services of an
international drinks business. Kronau began her career in Information Systems
(IS) with The Philip Morris Company and progressed through the organization in
internal audit and IS roles. In 1990, she was promoted to its Kraft - General
Foods Europe division in Munich where she led the effort to align IS strategy
with business strategy. Kronau has also held numerous leadership positions in
Finance and Internal Audit at Diageo PLC (then GrandMet PLC).
About Siemens Shared Services
Siemens Shared Services, LLC is a strategic asset charged with world-class
execution of back office processes for Siemens' operating companies in the
United States. Office locations include Iselin, NJ; Duluth, GA; Lake Mary,
FL; Orlando; FL; Santa Clara, CA; Austin, TX; Dallas, TX; Wendell, NC; and
Roswell, GA.
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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Related links:
http://www.usa.siemens.com
CONTACT:
Paula S. Davis of Siemens Corporation,
+1-212-258-4260, paula.davis@siemens.com
NOTE TO EDITORS: Reporters: photos available upon request.
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