siemens energy board of directors

[{"name":"Home","site_name":"Press | Siemens Energy","description":"","url_str":"\/global\/","level":0,"image":"","base_root":"https:\/\/press.siemens-energy.com","base_nid":"5981","base_nodepath":"\/node\/5981","base_path":"\/global\/","base_secure_url":"https:\/\/press.siemens-energy.com\/global","children":null}]. The maximum value was increased to a total of 457,600 for Tim Holt and 264,133 (pro rata for the period March 1 September 1, 2022) for Karim Amin to account for the value of potential tax equalization benefits. Siemens Gamesa held its 2022 Annual General Meeting on 24 March 2022, in Bilbao (Biscay). Even so, "everybody was surprised by the magnitude," one of them said of the June disclosures, adding that Siemens Gamesa had been involved in too many parts of the value chain and that more needed to be outsourced to save costs and raise quality. "Before type testing is performed and validated, the order is already signed. Safari Browser. Judith Wiese appointed Managing Board member and Labor - Siemens If positions outside the Group are accepted, the Supervisory Board will decide at its duty-bound discretion on a case-by-case basis whether and to what extent the compensation for such positions is to be deducted. Simon James Smith is a member of our Board of Directors and had served as a member of the board of directors of Fluence Energy, LLC since June 2021. Siemens Energy, 2020 - 2023, Skip to global navigation (country selector, search), Companys Notice of Annual Shareholders' Meeting 2021. Chairman of the Supervisory Boardof Siemens Energy AG, Chairman of the Supervisory Boardof Daimler Truck Holding AG, 1. More than 91,000 employees are determined to energize society and be part of one of the world's most valued energy technology companies. Mr. Smith has worked for Qatar Investment Authority, the Sovereign Wealth Fund of Qatar, since 2012. Siemens Gamesa held its 2022 Annual General Meeting in Zamudio (Biscay). The term of office of the shareholder representatives will expire in principle at the conclusion of the general shareholders meeting that resolves on their discharge for the fiscal year ending September 30, 2024. Changes to compensation from year to year implemented within the parameters of the compensation system approved by the Annual Shareholders Meeting will be communicated transparently in the compensation report. He also served as Associate Counsel for the Conair Corporation, a worldwide manufacturer of consumer products, handling a wide variety of commercial, transactional and general corporate matters. In the wind sector, Siemens Energy stands out because its turbine division resulted from a botched merger of two original equipment manufacturers (OEM) that gave rise to a culture of cutting corners and insufficient quality checks, people familiar with matter said. For the 2022 tranche of Stock Awards, the Supervisory Board defined the following targets: In line with the flexibility anchored in the compensation system to define TSR comparison indices based on Siemens Energys strategy and business focus, the Supervisory Board elected to replace the MVIS US-Listed Oil Services 25, which was used in the 2021 tranche of Stock Awards, with a global clean energy index. Malus and clawback regulations allow the Supervisory Board to withhold or reclaim long-term equity-based variable compensation (Stock Awards) in certain situations. Change value during other periods is calculated as the difference between the last trade and the most recent settle. With his track record of thought leadership and long-term success in his field, Kaeser will contribute to strengthening the Forum's platform for public-private cooperation. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. In particular in connection with a place of employment outside of Germany, the Supervisory Board can additionally increase the maximum amount determined by a defined Euro amount. Mr. Nebreda earned a law degree from Universidad Catlica Andrs Bello in Caracas, Venezuela. international experience in all HR functions and in supporting strategic change Move. Type a symbol or company name. PDF Siemens Energy Presentation He also founded several startups in the technology space. In most cases, over 60% of Siemens Energy Executive Board members compensation is variable and therefore at risk, meaning that it is tied to the attainment of pre-defined targets and can fall to as little as zero. The employee representatives were appointed by court until their ordinary election in accordance with the provisions of the German Codetermination Act. As the top management body, the Managing Board is committed to serving the interests of the company and achieving sustainable growth in company value. In addition, the Supervisory Board made use of the flexibility described above and selected FCF pre-tax as the second financial performance criterion, replacing ROCE, which was used in fiscal year 2021. Ms. Humpton holds a bachelors degree in mathematics from Wake Forest University. Tony Hemmelgarn. A thought leader and strategic advisor, Mr. Bulls guides the firm and senior executive clients on issues related to real estate occupancy, the environment, corporate governance, and social trends. Dr. Arnold joined Valspar from Sun Chemical where she served as Chief Technology Officer from 2004 to 2011. John Christopher Shelton is a member of our Board of Directors and had served as a member of the board of directors of Fluence Energy, LLC since January 2018. She has also served as Vice President at Lockheed Martin Corporation, where she was responsible for Biometrics Programs, Border and Transportation Security, and Critical Infrastructure Protection. andas responsible for the Generation and Industrial Applications businesses and for Asia-Pacific and China. According to regulatory requirements, the relative share of compensation is to be defined in terms of total target compensation. The following table provides an overview of the composition of the various Standing Committees of the Supervisory Board. PDF To the Board of Directors of Siemens Limited It looks like you are using a browser that is not fully supported. from Indiana University of Pennsylvania and executive certificates in Strategy and Innovation from The Sloan School of Management at MIT and Organizational Leadership from The McDonough School of Business at Georgetown University. Chairman of the Board. The employee representatives are marked with an asterisk (*). Siemens Energy Chief Executive Christian Bruch is planning to take on the role of chairman of the board of directors at Siemens Gamesa once the takeover of the Spanish wind turbine maker has been . Firefox Browser, Overview of the Compensation System as applied for fiscal year 2022. Prior to joining JLL, Mr. Bulls completed nearly twelve years of active-duty service with the United States Army. Unlock the full potential of your network with energy storage. The Siemens Financial Services segment focuses on financing solutions for Siemens customers as well as other companies in the form of debt and equity investments. With its portfolio of products, solutions and services, Siemens Energy covers almost the entire energy value chain from power generation and transmission to storage. Axel Meier. Siemens Gamesa held its 2023 Extraordinary General Meeting of Shareholders on 25 January 2023, in Bilbao (Biscay). Jan has worked in the fields of product development, project management, sales and marketing for over 20 years and has a deep understanding of existing power grids and the challenges they face. A full description of the compensation system according to the standards set by 87a AktG can be found in the Companys Notice of Annual Shareholders' Meeting 2021. Additionally, Mr. Bulls co-founded and served as President and Chief Executive Officer of Bulls Capital Partners, a multi-family financing company, and founded Bulls Advisory Group, LLC, a management and real estate advisory firm. Prior to that, she was chief operating officer and member of the board of directors at DataLogic, vice president of Hewlett Packards EG AMS manufacturing and supply chain operations, and held senior leadership roles at companies including Intermec and Plasmon, Inc. Carol holds a dual BSc in information management and finance with a minor in psychology and an MBA in supply chain, manufacturing, and operations management from the University of Colorado at Colorado Springs. Please note that there might be constraints on site display and Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Mr. von Heynitz is a senior accountant and auditor certified in Germany and the United States with extensive experience in accounting, auditing, financial, and business advisory. SVP, Chief Strategy and Commercial Officer. Previously, Frank also managed all legal affairs as SVP, Secretary and General Counsel for Gateway Energy Services Corporation. Mr. Sial earned his MBA from Duke Universitys Fuqua School of Business and his Bachelor of Commerce from Delhi University in India. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. A majority stake in the listed company Siemens Gamesa Renewable Energy (SGRE) makes Siemens Energy a global market leader for renewable energies. Mr. Shelton currently serves on the board of directors of Uplight, a privately held software-as-service customer platform for utilities. Dr. Jochen Eickholt received a pro rata Pension Substitute amounting to 104,167 upon his departure from the Executive Board in February 2022. The members of the Executive Board receive a fixed, unrestricted amount in cash (Pension Substitute) in lieu of contributions to a retirement plan. If Siemens Energy AGs TSR during the performance period: Performance between these values is determined via linear interpolation. Executive Board | About Us | Siemens Energy Global Executive Board Klicken Sie hier fr Deutsch. Previously, Ms. Humpton spent 2015 to 2018 as President and Chief Executive Officer of Siemens Government Technologies, Inc., a leading integrator of Siemens products and services for federal government agencies. Anne Altman. Since joining AES in 2003, Ricardo has accelerated the companys transformation through additional leadership roles in Corporate Finance, FP&A, Investor Relations, M&A and Strategy. U.S. Leadership - About us - USA - Siemens Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Herman Bulls has served as the Chairman of our Board of Directors since October 2021. Source: Kantar Media, C3.ai, Inc., Northvolt AB, Snabe ApS, Siemens AG, Forum Mondial de L'Economie, Siemens Management Consulting, Siemens AG, Siemens Energy AG, Siemens Energy Management GmbH, Total Insider Purchases and Sales Reported to the SEC, Vanguard Total International Stock Index Fund, Vanguard Institutional Total Intl. These include adjusted EBITA, free cash flow pretax (FCF pre-tax), cash conversion rate (based on FCF pre-tax) and nominal revenue growth rate. Our leadership team At Siemens Energy, we are one team. This page requires JavaScript in order to be fully functional and displayed correctly. Andrea Fehrmann. He has more than 25 years' experience in the energy sector. President and Chief Executive Officer, Fluence. The relevant comparison indices were thus defined as: STOXX Global 1800 Industrial Goods and Services (50%) and S&P Global Clean Energy Index (50%). Dr. Arnold holds a doctorate in materials science and engineering from Virginia Polytechnic Institute and State University, and Masters of Business Administration and a bachelors degrees from the University of California, Berkeley. Mr. Shelton served as Chairman of the Board of the Electricity Storage Association from 2011 to 2013. Name/Title . Prior to joining Qatar Investment Authority, Mr. Smith spent 10 years working in equity research, as the sector head of European Capital Goods at Credit Suisse, and at Citigroup covering the Capital Goods and Transportation sectors. Siemens Gamesa's 4.X and 5.X turbines, the two onshore platforms at the centre of the company's problems, were introduced to the market within two years, a cycle industry experts say is too short. During the last fifteen years, he held different leadership positions within KPMG, including serving as the Partner in charge of the Audit function for Southern Germany from 2004 to 2007 and member of the KPMG Europe LLP Board from 2007 until 2012. The losses also highlight structural issues in a sector that has been in need of reform for years, according to sector advisers, industry executives and analysts. As Chief Product Officer, Rebecca Boll is responsible for developing products and services that anticipate customer needs and that leverage our leadership position within the energy storage industry. Copyright FactSet Research Systems Inc. All rights reserved. Leadership and Governance | World Economic Forum Stock Market Index Tr. Prior to this role, he served as vice president of EMEA at Fluence where he directed the sales organization throughout Europe, Middle East and Africa regions. Without wind there can be no energy transition. The portfolio includes conventional and renewable energy technology, Prior to joining Fluence, Marek was a managing director of strategic partnerships, energy storage at The AES Corporation, where he was instrumental in the development of key storage projects throughout the world, as well as the transition of the storage business from AES to Fluence. Prior to that role, she served as President, Primary Metals Allied Businesses from 2000 to 2002, Director, Executive Staffing and Leadership Development from 1998 to 2000, and Smelting Plant Manager from 1994 to 1998. Independent Director, Former Partner, KPMG Germany. As a rule, fixed compensation amounts to 38% of total target compensation, short-term variable compensation equals 27% and long-term equity-based variable compensation equals 35%. Director, Employee Represent . Prior to that, Mr. Nebreda held several senior positions, such as Vice President for Central America and Caribbean from 2007 to 2009, Chief Executive Officer of Electricidad de Caracas from 2005 to 2007, and President of AES Dominicana, in Santo Domingo, Dominican Republic from 2003 to 2005. Siemens Energy's rival General Electric, for example, posted a $2.24 billion loss at its renewable energy division in 2022, partly blaming "corrective measures and repair campaigns" in its turbine fleet. Equals that of the respective comparison index, target attainment = 100%. As president of EMEA, Paul is responsible for go-to-market implementation and honing customer-centric solutions for customers in the region. Cynthia Arnold has served as a member of our Board of Directors since October 2021. Mr. Smith graduated from the University of Bristol with a BSc in Mathematics and has a Masters in Finance with distinction from London Business School. Energy majors that had been moving into renewable energy have to an extent retreated, under pressure from shareholders focused on the more reliable profits generated by oil and gas. Here you find all relevant information. SVP & Chief Supply Chain & Manufacturing Officer. Siemens AG is one of the world's leading manufacturers of electronic and electro-technical equipments. The number of Siemens Energy shares transferred after the end of the vesting period depends on the attainment of targets relating to total shareholder return (TSR) (40%), earnings per share (EPS) (40%) and environmental, social and governance (ESG) factors (20%). Barbara Humpton has served as a member of our Board of Directors since September 2021. Director. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Simon James Smith is a member of our Board of Directors and had served as a member of the board of directors of Fluence Energy, LLC since June 2021. In this role, she will be leading a team of experts in market applications, marketing, and product management. Prior to joining Fluence, Mr. Sial has served as Executive Vice President and Chief Financial Officer at SunPower Corporation for four years, where he led SunPowers treasury, project finance, investor relations, financial planning, and accounting organizations. Senior Vice President and Chief Strategy and Commercial Officer, AES. Mr. Nebreda has also acted as the President of the AES Brazil Strategic Business Unit from April 2016 to October 2018, and the President of the Europe Strategic Business Unit from 2009 to April 2016. The board of directors at Siemens Energy has a history of experience in managing and working on production, technology, and engineering projects. Mr. von Heynitz currently serves as Chairman of the Audit, Compliance and Related Party Transactions Committee and Member of the Appointments and Remunerations Committee for the Siemens Gamesa Renewable Energy SA board of directors. Please enable II, Capital Research & Management Co. (Global Investors), Capital Research & Management Co. (World Investors), BlackRock Asset Management Deutschland AG. Any transfer of personal data processed by Fluence entities established in the European Economic Area (including the member states of the European Union, Iceland, Norway, Switzerland, and Liechtenstein) to areas outside of this area is based on Binding Corporate Rules and EU Standard Contractual Clauses. Copyright 2023 Fluence. He studied electrical engineering at the RWTH Aachen in Germany and at the Imperial College of Science, Technology and Medicine in London, UK. Energy storage provides the agility and efficiency to keep pace with an evolving energy landscape. Prior to joining Fluence, Larissa acted as VP - Global Talent Management, heading talent management for four international operational platforms under a large industrial conglomerate. usability. Wiese will serve as the company's Chief Human Resources Officer and the Labor Director of Siemens AG. Director, Industrials Director, Qatar Investment Authority. Before joining AES, Julian held positions in the public and private sectors, namely he served as Counsellor to the Executive Director from Panama and Venezuela at the Inter-American Development Bank from 1993 to 1999. Anton Steiger holds a Degree in Law by the University of Vienna (Austria), an LL.M. Nispera Asset Performance Management Software. Board of Directors | Siemens Government Technologies The Supervisory Board also decides annually whether and in what amount to grant a Pension Substitute. (Reporting by Christoph Steitz and Nina Chestney; Additional reporting by Rajesh Kumar Singh, Alexander Huebner and Dominique Patton; editing by Barbara Lewis), ((christoph.steitz@thomsonreuters.com; +49 30 220 133 647)). China, the world's largest renewables market is effectively closed to Western players, but industry sources say it is also affected by the issues of the wider sector. It said it could not yet quantify the cost, but . In the event of early termination of Executive Board employment by mutual agreement, the Executive Board contracts stipulate a severance payment, the amount of which is limited to a maximum of two years of annual compensation, and which covers no more than the remaining term of the employment contract (severance cap). Director. Prior to joining Fluence, Julian was President of the South America Strategic Business Unit of The AES Corporation since October 2018. The Supervisory Board set a target for average earnings per share (continuing operations) over the four fiscal years during the vesting period. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. She holds a Master of Business Administration, masters degree in systems engineering, and bachelors degree in electrical engineering from Clarkson University. Equipment-makers have raced to build bigger and more efficient turbines to keep up with rivals, without necessarily allowing time for quality checks. Siemens AG is a technology company, which engages in the areas of automation and digitalization in the process and manufacturing industries, infrastructure for buildings and energy systems, mobility solutions for rail transport, and medical technology and digital healthcare services. Do Not Sell My Personal Information (CA Residents Only). processes. Hubert Lienhard . FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. Acceptance of public office, seats on supervisory boards (including any committee memberships), boards of directors, advisory boards and comparable bodies, as well as appointments to business or scientific bodies, is subject to prior approval by the Supervisory Boards Presiding Committee. Amounts granted and paid under individual compensation components, the pay mix and overall compensation are also to be transparently reported. Siemens Energy is one of the worlds leading energy technology companies. An estimated one-sixth of the electricity generated worldwide is based on technologies from Siemens Energy. Deputy Chairman Chairman of the Central Works Council of Siemens Energy Global GmbH & Co. KG Member since: 11/10/2020 Biography Hubert Lienhard (Dr.) 2. He continued his education through executive financial, business and management programs at Darden Business School, The Wharton School and Harvard Business School. Corporate Governance | Oerlikon In this role, Dr. Arnold led Valspar's global technology activities and became an officer of the company. The basis for assessment is each member of the Executive Boards base salary for the month of September prior the respective verification date, extrapolated to an annual basis. "The medium- and long-term success potential of Siemens Gamesa is enormous. Julian Nebreda leads the Fluence team and its efforts to accelerate energy storage adoption globally, and to transform the way we power our world to ensure a more sustainable future. Robert B. Coutts. Introduction As an independent, publicly-listed company, Siemens Energy's Executive Board compensation follows the requirements of the German Stock Corporation Act (AktG) and implements all relevant recommendations of the German Corporate Governance Code. Supervisory Board appoints two new Executive Board members - Siemens Energy Her 20+ years of experience and solid track record in people, leadership and organization development support Fluences continued international growth and expansion. Independent Director, Former Division President, Alcoa. To the Board of Directors of Siemens Limited 1. This experience and knowledge helps them to make sound decisions for the company in . She currently serves as Senior Vice President and Chief Human Resources Officer at AES. Fundamental company data and analyst estimates provided by FactSet. The Mobility segment combines all Siemens businesses in the area of passenger and freight transportation. Mr. Kazi is responsible for leading the overall strategic management, direction and leadership of all Siemens activities in Canada. Mr. Nebreda serves as Chairman of the Board of AES Andes and AES Brasil. Ricardo Fal has served as a member of the Fluence Board of Directors since September 2022. Smart Infrastructure; Resilient and Secure Energy; Digitalization for Defense; Optimization, Sustainment and . BlackRock Investment Management (UK) Ltd. Tim Holt is Executive Board Member and Labor Director of Siemens Energy, with responsibility for the Grid Technologies business as well as the North and Latin American regions. Mostafa Madbouli and H.E.Mohamed Shaker. If fluctuations in Siemens Energys share price cause the value of the accumulated shareholding to fall below the respective amount to be verified, the Executive Board member will be obligated to purchase additional Siemens Energy shares to make up the difference.
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