Siemens 2005 Annual Report Download - page 71

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71
Report of the Supervisory Board
Changes in the composition of the Supervisory and Managing Boards
As I have mentioned, changes were made in the Company’s management in fiscal
2005. Karl-Hermann Baumann resigned as Chairman of the Supervisory Board for rea-
sons of age, and I succeeded him. As stipulated by the Board’s bylaws, I then became a
member of all Supervisory Board committees. As planned, Klaus Kleinfeld succeeded
me as President and Chief Executive Officer of Siemens AG at the close of the Annual
Shareholders’ Meeting on January 27, 2005. Mr. Kleinfeld had already been appointed
Vice President of the Managing Board on August 1, 2004. We wish him and the Manag-
ing Board every success for the future. The Supervisory Board will continue to do
everything in its power to safeguard the Company’s long-term success.
Berlin and Munich, December 7, 2005
For the Supervisory Board
Dr. Heinrich v. Pierer
Chairman