Siemens Names Mattes To Lead New Communications Unit In United States
NEW YORK, July 29 /PRNewswire-FirstCall/ -- Siemens Corporation, a
subsidiary of Siemens AG (NYSE: SI), announced the formation of a new business
in the United States called Siemens Communications, a new unit combining
wireless and wire line infrastructure, devices, and IP (Internet Protocol)
convergence applications. Andy Mattes, who has been leading Siemens' U.S.
networking business, will be appointed president and CEO of the new U.S.
company.
(Logo: http://www.newscom.com/cgi-bin/prnh/20021029/SILOGO )
With headquarters in Boca Raton, Florida, the U.S. company will play a key
role in the global business of Siemens Communications, which will be Siemens'
largest global unit, with sales of $18.5 billion and 60,000 employees. Mattes
will serve on the board of the new global organization, with additional
worldwide responsibilities for all enterprise businesses. When the merger of
all Siemens wire line and mobile businesses is completed on October 1, 2004,
Siemens Communications will serve the largest installed base of wireless and
wire line carrier and enterprise customers in the world and emerge as the only
company in the United States capable of providing end-to-end solutions for all
major customers in the industry -- wireless and wire line carriers,
enterprises, cable operators and service providers.
"We have created Siemens Communications to address the revolution in
communications brought about by the explosion of mobile communications devices
and solutions and the exciting possibilities of IP converged solutions," said
Mattes. "The U.S. market is particularly compelling for Siemens Communications
because our technology is giving customers -- from teenage cell phone users to
CIOs of large corporations -- some of the most innovative communications tools
and solutions in the world."
"Mattes stands out as one of the best and the brightest among Siemens' new
generation of leaders," said George Nolen, president and CEO of Siemens
Corporation, the parent company of Siemens' U.S. businesses. "As a key
architect of our global strategy in the Enterprise Networks space, Mattes has
helped us stand apart from our competitors both in terms of technological
innovation and business results."
About Siemens
Siemens AG (NYSE: SI) is one of the world's largest global electronics and
engineering companies with reported worldwide sales of $80.5 billion in fiscal
2003. Founded more than 150 years ago, the company is a leader in the areas of
Information and Communications, Automation and Control, Power, Transportation,
Medical, and Lighting. With its U.S. corporate headquarters in New York City,
Siemens in the USA has sales of $16.6 billion and employs 65,000 people
throughout all 50 states and Puerto Rico. Ten of Siemens' worldwide businesses
are based in the United States. With its global headquarters in Munich,
Siemens AG and its subsidiaries employ 417,000 people in 192 countries. For
more information on Siemens in the United States: http://www.usa.siemens.com.
This release contains forward-looking statements based on beliefs of
Siemens management. The words "anticipate," "believe," "estimate," "forecast,"
"expect," "intend," "plan," "should," and "project" are used to identify
forward-looking statements. Such statements reflect the company's current
views with respect to future events and are subject to risks and
uncertainties. Many factors could cause the actual results to be materially
different, including, among others, changes in general economic and business
conditions, changes in currency exchange rates and interest rates,
introduction of competing products, lack of acceptance of new products or
services and changes in business strategy. Actual results may vary materially
from those projected here. Siemens does not intend or assume any obligation to
update these forward-looking statements.
SOURCE Siemens Corporation
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Related links:
http://www.usa.siemens.com
Photo Notes:http://www.newscom.com/cgi-bin/prnh/20021029/SILOGO
Company News On-Call:
http://www.prnewswire.com/comp/000728.html
CONTACT:
Paula Davis of Siemens AG, +1-212-258-4260,
Paula.Davis@Siemens.com
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