Experienced manager Horst Kayser is set to take charge of Siemens' struggling factory automation division.
The 64-year-old will assume the role on October 1, succeeding Rainer Brehm, who is moving up the corporate ladder, a Siemens spokesperson confirmed on Friday. The investor portal "The Market" was the first to report the personnel change. Brehm will serve as Chief Operating Officer (COO), overseeing day-to-day operations of the automation businesses within the Digital Industries division--a newly created position. The factory automation segment has faced sluggish business for several quarters, putting pressure on Digital Industries' profit margins. The Digital Industries division is led by board member Cedrik Neike.
Kayser previously led the successful restructuring and sale of Siemens' so-called "Portfolio Companies," which comprised non-core businesses of the Munich-based technology group. With the completion of these divestitures, his previous role has become obsolete. "Kayser has extensive experience in factory automation," the spokesperson noted.
(Reporting by Alexander Hübner, editing by Ralf Banser. For inquiries, please contact our editorial team at berlin.newsroom@thomsonreuters.com (for politics and economy) or frankfurt.newsroom@thomsonreuters.com (for companies and markets).)
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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