Siemens 2014 Annual Report Download - page 127

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Changes in the composition of
the Supervisory and Managing Boards
Prof. Dr. Rainer Sieg left the Supervisory Board on February 28, 2014, upon reaching
retirement age. Lothar Adler left the Supervisory Board on May 31, 2014, upon reach-
ing retirement age. They were succeeded by Michael Sigmund and Olaf Bolduan,
who were appointed to the Supervisory Board by court order. Berthold Huber,
Gerd von Brandenstein and Prof. Dr. Peter Gruss have announced that they will
resign from the Supervisory Board, effective the end of the Annual Shareholders’
Meeting on January 27, 2015. Prof. Dr. Gruss will serve as the chairman of the
Siemens Technology & Innovation Council that reports to the Managing Board,
a move that – in line with the suggestions of the efficiency review – will further
strengthen technology and innovation at Siemens. The Supervisory Board would
like to express its appreciation to the members who have left or are leaving the Board
for their many years of loyal support. On the recommendation of the Nominating
Committee, the Supervisory Board decided at its meeting on December 3, 2014, to
propose to the 2015 Annual Shareholders’ Meeting that Dr. Nathalie von Siemens
and Dr. Norbert Reithofer be elected to succeed the two departing shareholder
representatives, effective the end of the Annual Shareholders’ Meeting. A successor
to Mr. Huber will be appointed by court order.
Peter Y. Solmssen left the Managing Board, effective December 31, 2013. Dr. Michael
Süß left the Managing Board, effective May 6, 2014. The Supervisory Board appointed
Lisa Davis a full member of the Managing Board, effective August 1, 2014.
On behalf of the Supervisory Board, I would like to thank the members of the Manag-
ing Board as well as the employees and employee representatives of Siemens AG
and all Group companies for their outstanding commitment and constructive coop-
eration in fiscal 2014.
For the Supervisory Board
Dr. Gerhard Cromme
Chairman