Berlin, Germany - July 30, 2013, Berlin, Germany - Siemens AG announces that it would pass the decision on chief executive officer Peter Löscher's early departure.
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Mr. Löscher has been the Chairman of the Managing Board and Member of the Managing Board of Siemens AG since November 2007 and July 1, 2007 respectively and also serves as its Chief Executive Officer.
Mr. Löscher serves as the Chief Executive Officer, President and Member of Managing Board at Siemens Metering Services Ltd. He serves as Chief Executive Officer, President and Member Of Management Board at Siemens Medical Solutions AG, OSRAM GmbH. Mr. Löscher has been the Chief Executive Officer and President of Siemens AG since July 1, 2007. He serves as the Head of German Technologies Group of Siemens AG.
He serves as Member of the Managing Board at Siemens Real Estate GmbH & Co. OHG. He has been the Chief Executive Officer and President at Siemens (Pakistan) Engineering Co. Ltd, Siemens Power Generation (PG) and Siemens (SA) (Pty) Ltd. He serves as the Chief Executive Officer, President and Member of Managing Board at Siemens Oil & Gas Consulting. He served as Senior Management Consultant at Kienbaum und Partner since 1985.
Mr. Löscher served as the President and Chief Executive Officer of GE Healthcare Bio-Sciences of Operating Businesses of GE Healthcare Ltd., since April 2004. While at GE, Mr. Löscher was appointed to its Corporate Executive Council, assumed responsibility for GE Healthcare's Government Advocacy Program where he interacted with governments and payors worldwide and represented GE in discussions with all pharmaceutical enterprises.
He served as the President of Global Human Health for Merck & Co. Inc. from May 1, 2006 to July 1, 2007. He served as the Chief Operating Officer of Amersham PLC since January 1, 2004. He joined Amersham PLC in December 2002 as President of Amersham Health. Prior to Amersham Plc, Mr. Löscher served more than 16 years in senior management roles in the pharmaceutical industry, including a position as Chairman of Aventis Pharma Japan and also as its President and Chief Executive Officer from 1999 to 2002.
He served as Co-Chairman of the EU-Russia Industrialists' Round Table (IRT) and Chairman of the Board of Trustees of the Siemens Stiftung. He served as the Managing Director of Hoechst Roussel Veterinaria A.I.E., Spain, U.S. Vice President of Hoechst Roussel Agri-Vet Company, Head of Corporate Planning at Hoechst AG, Germany and Project Leader for NYSE Listing, Hoechst AG, Germany since 1988. He served as the Chief Executive Officer of Hoechst Marion Roussell Limited in the UK since 1997. He served as Senior Management Consultant of Kienbaum Consulting Group since 1985.
Mr. Löscher held a variety of international leadership roles in Germany, Japan, Spain, UK and US at Hoechst, Aventis' predecessor, which he joined in 1988. Mr. Löscher serves as Vice Chairman of Nokia Networks, Inc. He also served as Chairman of the European Federation of Pharmaceutical Industries and Associations (EFPIA Japan). He served as Vice Chairman of European Round Table of Industrialists (ERT). He served as Vice Chairman of Nokia Siemens Networks Oy until September 30, 2007. He served as a Director of Nokia Siemens Networks Nederland BV.
Mr. Löscher has been a Member of Supervisory Board at Deutsche Bank AG since May 31, 2012 and Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft since April 22, 2009. He served as a Member of Joint Advisory Council of Allianz SE until April 22, 2009. He served as a Non-Executive Director of Smiths Group PLC from June 1, 2007 to April 2008. He served as Director of Nokia Siemens Networks Oy from July 1, 2007 to September 30, 2007.
He served as an Executive Director of Amersham PLC since December 2002. He served as a Member of the Board of Trustees at the Ernst von Siemens Kunststiftung, Carl Friedrich von Siemens Stiftung and Glyndebourne Arts Trust.
Mr. Löscher is MBA graduate of the Vienna University School of Economics and studied at the Chinese University of Hong Kong and at Harvard Business School and Honorary Doctorate of Engineering from Michigan State University. ■