Jim Hagemann Snabe to be Siemens
February 2, 2017
The Nominating Committee of the Supervisory Board of Siemens AG has
recommended Jim Hagemann Snabe for the office of Supervisory Board
Chairman. Siemens' Supervisory Board unanimously endorsed this
recommendation at its meeting on Tuesday. The regular elections to
Siemens' Supervisory Board will take place at the company's Annual
Shareholders' Meeting on January 31, 2018. Mr. Snabe is to be elected
Chairman at the Supervisory Board's constitutive meeting immediately
"Digitalization poses major
challenges for society and for companies. With its magnificent,
innovative products, Siemens is very successful in today's market.
However, the digitalization transformation is also changing our
business. Mr. Snabe has in-depth industry expertise in software and
digitalization. This recommendation sets the course for long-term
succession planning and continuity in Siemens' Supervisory Board," said
Gerhard Cromme, Chairman of the Supervisory Board of Siemens AG, whose
mandate will expire at the end of the 2018 Annual Shareholders' Meeting.
ensure that he will have sufficient time for his duties as Siemens'
Supervisory Board Chairman, Snabe intends to reduce the number of his
supervisory board positions by the Annual Shareholders' Meeting in 2018.
"I'm pleased by the recommendation and the trust shown in me by my
Supervisory Board colleagues. To help shape the future of Siemens and to
continue the successful cooperation in the Supervisory Board in this new
position will be a great responsibility," said Snabe.
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