The timeline for former Nestle CEO Mark Schneider's transition to the head of the Siemens Supervisory Board has been finalized. Schneider is set to succeed the incumbent, Jim Hagemann Snabe, following the Annual General Meeting on February 11, 2027, Siemens announced on Tuesday following a board meeting. While it has been clear for eighteen months that Schneider was slated to succeed Snabe, the 2027 AGM was considered the latest possible date for the handover. Snabe, a former SAP executive, sought to dispel doubts regarding the qualifications of Schneider, whom he personally recruited: 'He is the ideal candidate. He will do a very, very good job,' Snabe told 'Handelsblatt'. He added that Schneider has integrated well and now understands the company and its culture.
Nathalie von Siemens, representing the founding family on the Supervisory Board, also voiced her support for Schneider in 'Handelsblatt'. 'The Siemens family has full confidence in the company's processes and the leadership figures selected through them. This applies particularly to Mark Schneider.' Like Snabe, von Siemens will step down from the board in 2027 after twelve years. Christoph von Seidel is expected to succeed her, representing the family, which still holds a six percent stake.
To address investor concerns regarding Schneider's lack of technological expertise, Ola Rollén is expected to provide that competency on the board, Snabe told the newspaper. The 61-year-old Rollén served as CEO of the Swedish technology firm Hexagon until 2022. The third newcomer to the Siemens Supervisory Board starting in 2027 will be Marion Helmes. According to her LinkedIn profile, the former Celesio CEO already serves on the boards of Siemens Healthineers, Heineken, and Lonza. She is set to replace Benoit Potier at Siemens.
(Reporting by Alexander Hübner. Editing by Olaf Brenner. For inquiries, please contact our editorial office at berlin.newsroom@thomsonreuters.com (for politics and economics) or frankfurt.newsroom@thomsonreuters.com (for companies and markets).)
Ola Rollén is a businessperson who founded Greenbridge Partners Ltd. and who has been at the head of 6 different companies. Currently, he is President, Chief Executive Officer & Director at Hexagon AB and Chairman, President & Chief Executive Officer at Leica Geosystems HDS LLC (a subsidiary of Hexagon AB). He is also on the board of Greenbridge Investment Partners.
In his past career Mr. Rollén occupied the position of Chief Executive Officer of Leica Geosystems AG, Chief Executive Officer & Director at Kanthal AB, Chief Executive Officer at Intergraph Corp., President & Chief Executive Officer of Sandvik Materials Technology AB and Executive Vice President at Avesta Sheffield Ltd.
He received an undergraduate degree from the University of Stockholm.
Siemens AG is one of the world's leading manufacturers of electronic and electro-technical equipments. Net sales break down by family of products as follows:
- medical equipment (29.6%): medical imaging systems, laboratory diagnostics and hearing aid systems, etc.;
- smart building and infrastructure solutions (28.7%): energy transition solutions, HVAC products (heating, ventilation and air conditioning systems), building security systems (fire detection and protection systems, access control, video surveillance and intrusion detection systems, etc.), building management systems, etc.;
- digital industrial equipment (22.1%): automated production, assembly, logistics and monitoring systems, etc.;
- mobility solutions and systems (15.8%): rail vehicles, rail automation systems, rail electrification systems, digital and cloud-based solutions, etc.
The remaining net sales (3.8%) are primarily from financial activities (leasing, equipment and project financing, financial consulting services, etc.).
Net sales are distributed geographically as follows: Germany (14.8%), Europe/Commonwealth of Independent States/Africa/Middle East (32%), the United States (28%), America (4.6%), China (9.1%), Asia and Australia (11.5%).
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