Siemens Taps Top Energy Expert as New Head of U.S. Business

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Jan 13, 2010, 11:00 ET

NEW YORK, Jan. 13 /PRNewswire-FirstCall/ -- Siemens announced today that Eric Spiegel has been named president and CEO of Siemens Corporation. Spiegel, an influential international management consultant and energy expert, starts the position on January 18.

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Spiegel was previously Senior Vice President and Senior Partner at Booz & Co. and brings more than 25 years of experience in key energy, manufacturing and utility industries. He is co-author of the book, "Energy Shift: Game-changing Options for Fueling the Future," and is a well-known thought leader and advisor in the energy sector.

Based in Washington, D.C., Spiegel will further serve as a strong voice on policy issues that affect Siemens and its customers, and drive the company's business and efforts in sustainability and green technologies. Spiegel also adds experience in the areas of healthcare, water and transportation.

"We are delighted to have someone with Eric's broad strategic experience to lead our company in the U.S., which is our single largest market," said Peter Solmssen, chairman of Siemens Corporation and member of the Siemens AG Managing Board. "Siemens is a complex, global organization and Eric brings the right combination of product, customer and policy expertise, along with strategic organizational experience."

Originally from Ohio, Eric holds a Bachelor's degree with Honors in Economics from Harvard University, as well as an MBA from the Tuck Graduate School of Business at Dartmouth College, where he was an Edward Tuck Scholar. Eric is located in the Washington, D.C. area, where he lives with his wife and two teenage children.

"With its global footprint, legacy of cutting-edge innovation and growing environmental portfolio, Siemens is a key player in all the major growth markets here in the U.S. and worldwide," Spiegel said. "I look forward to the opportunity to work with Siemens employees across America and the company's valued customers in the energy, industry and healthcare sectors. This is an exciting time to be at this great company."

Siemens Corporation is the U.S. operating unit of Siemens AG.

Siemens AG (NYSE: SI) is a global powerhouse in electronics and electrical engineering, and operates in the industry, energy and healthcare sectors. For more than 160 years, Siemens has built a reputation for leading-edge innovation and the quality of its products, services and solutions. With 405,000 employees in 190 countries, Siemens reported worldwide revenue of $104.3 billion in fiscal 2009. With U.S. executive offices in Iselin, NJ, New York City and Washington, D.C., Siemens in the USA reported revenues of $21.3 billion and employs more than 60,000 people.

For more information: http://www.usa.siemens.com/entry/en/

SOURCE Siemens Corporation