Horst J. Kayser to head Siemens in the UK
Munich, Germany – Horst J. Kayser (47), head of Siemens Corporate Strategy, has been appointed Chief Executive of Siemens plc., Siemens’ Regional Company in the United Kingdom. At the same time, he will become CEO of Siemens’ North West Europe cluster. In the new structure, this cluster comprises the business activities of Siemens in the United Kingdom, Ireland, the Netherlands, Denmark, Norway, Sweden, Finland, Iceland, Poland and the Baltic States Estonia, Latvia and Lithuania. This cluster represents about €9 billion of revenue, which is significantly more than 10 percent of Siemens’ total revenue.
Horst Kayser will take over as Chief Executive of Siemens plc. when a successor as Siemens strategy head has been found. Tom White, the current Chief Executive of Siemens plc., has resigned from the company effective March 31, 2008. The current Chief Financial Officer, Andreas Goss, will provisionally also serve as Chief Executive of Siemens plc. as of April 1.
Horst Kayser studied electrical engineering at Darmstadt University and graduated from Harvard University with a master’s in public administration. After earning his doctorate at the University of Mannheim, he began his professional career at McKinsey & Company. He joined Siemens’ Corporate Department Planning and Development (now Corporate Strategy) in 1995. After that, he worked for the company’s in-house management consulting organization Siemens Management Consulting (SMC) and then headed the Industrial Automation Systems Division of the former Automation and Drives Group. Horst Kayser subsequently led Siemens’ Regional Company in South Korea. He has been the head of Corporate Strategy for nearly two years.
Siemens AG (Berlin and Munich) is a global powerhouse in electronics and electrical engineering, operating in the industry, energy and healthcare sectors. The company has around 400,000 employees (in continuing operations) working to develop and manufacture products, design and install complex systems and projects, and tailor a wide range of solutions for individual requirements. For over 160 years, Siemens has stood for technical achievements, innovation, quality, reliability and internationality. In fiscal 2007, Siemens had revenue of €72.4 billion and income from continuing operations of €3.9 billion (IFRS).