Siemens 2007 Annual Report Download - page 11

Report of the Supervisory Board 11
Professor Dr. Heinrich v. Pierer resigned as a member and Chairman of the Supervisory Board at the
beginning of the Supervisory Board meeting on April 25, 2007. The Board elected me, Dr. Gerhard
Cromme, Chairman for the remainder of the current Supervisory Board’s term of offi ce, which
expires at the Annual Shareholders’ Meeting of Siemens AG on January 24, 2008. Professor
Dr. Michael Mirow, who had been elected a substitute member of the Board, succeeded Professor
Dr. Heinrich v. Pierer as a member of the Supervisory Board. The Supervisory Board of Siemens AG
is deeply indebted to Professor Dr. Heinrich v. Pierer for his many years of service as President and
CEO of Siemens AG and for his work as Chairman of the Supervisory Board.
Effective June 1, 2007, the Supervisory Board appointed Dr. Heinrich Hiesinger a full member of
the Managing Board and approved his election to the Corporate Executive Committee. Dr. Klaus
Kleinfeld resigned as a member of the Managing Board and President and CEO of Siemens AG, effec-
tive June 30, 2007. We would like to thank Dr. Kleinfeld for his work. Peter Löscher was appointed
a full member of the Managing Board and President and CEO of Siemens AG, effective July 1, 2007.
The term of offi ce of Professor Johannes Feldmayer expired on September 30, 2007, and was not
extended. Professor Feldmayer had held a variety of positions at the Company since 1979 and had
served as a member of the Managing Board and Cor porate Executive Committee since May 2003.
We would like to thank Professor Feldmayer for his many years of successful work. His duties have
been assumed by Dr. Heinrich Hiesinger. Effective October 1, 2007, the Supervisory Board appointed
Peter Y. Solmssen a full member of the Managing Board and approved his election to the Corporate
Executive Committee. As General Counsel to the Company, Mr. Solmssen also occupies the newly
created Managing Board position for legal and compliance matters.
The Supervisory Board would like to thank the members of the Managing Board as well as the
employees and employee representatives of all Siemens companies for their work. Together,
they made fi scal 2007 another very successful year for Siemens’ business.
For the Supervisory Board
Dr. Gerhard Cromme
Chairman
Berlin and Munich, November 28, 2007