Peter löscher. Peter — MedTech Venture Partners

Siemens CEO Peter Löscher: A Company Is Only as Good as Its Values

peter löscher

He then set an ambitious profit-margin goal of 12 per cent by 2014, up from 9. They live in a rules-based environment. In all these markets you must have this. The obvious or not so obvious answer is to reorganise the company. Others said they expected that Kaeser would quickly tighten the reins on costs at Siemens - whose products range from gas turbines to fast trains and ultrasound machines - and sell more non-core businesses such as those that make rail technology or healthcare software.

Next

Siemens CEO to leave following profit warning

peter löscher

Favourite ski resort is Lech, Austria. Ackermann had just resigned as chairman of Zurich Insurance over the suicide of the company's finance chief, Pierre Wauthier. Born in 1957 in Vienna, Mr Löscher has truly experienced the world. While we did not know it at the time, Mr. Nevertheless, Siemens excels in an important area in which it had failed previously: earning its cost of capital. He is Honorary Professor at Tongji University Shanghai, holds an Honorary Doctorate of Engineering from Michigan State University and is Doctor Honoris Causa of Slovak University of Engineering in Bratislava.

Next

Siemens CEO to leave following profit warning

peter löscher

We have built our database from these public records and sources. Ironically, Siemens came perilously close to shedding its medical unit about a decade ago. He holds the Grand Decoration of Honor in Gold of the Republic of Austria, the Order of Friendship of the Russian Federation and is Knight Commander of the Order of Civil Merit of Spain. Siemens was then in the midst of an existential crisis that proved highly embarrassing to all of Germany. Loescher's physical presence was more than matched by his corporate presence.

Next

Peter Löscher

peter löscher

Löscher, 53, is a native of Austria. The late delivery of trains to Deutsche Bahn cost Siemens a fortune in fines. And that's just the start of it, Kaeser said. Two of his children were born in the U. Peter Löscher was reelected as member and Chairman of the Board of Directors for a one-year term. Löscher, who collects paintings by Latin American artists Fernando Botero and Claudio Bravo, has high hopes for growth in emerging markets, where Siemens gets one-third of its revenue and 25% of its workforce is stationed.

Next

Siemens CEO goes quietly, but revenue's still lurching

peter löscher

By the summer, it was apparent that both goals would be missed and the knives came out for Mr. Siemens, which has offices in 190 countries, must negotiate cultural differences in the many places in which it does business. Video of Loscher How do you go about restoring trust in a 162-year-old company rocked by one of the worst corruption scandals in corporate history? I'm thinking about the next 15 years. Sadly, my repeated and annoying to him efforts to get to the story behind the story and scoop the German press proved futile. He bears a passing resemblance to George Clooney, complete with pepper-grey hair and intense blue eyes. From the beginning, he instituted a management-review process that led to the replacement of half the company's 100 top managers. Adding parts from the energy and industrial divisions, it will include transportation equipment, information technology and power-management equipment needed in the expansion of cities.

Next

Siemens CEO goes quietly, but revenue's still lurching

peter löscher

The speech was part of the View From The Top series. He met with President Barack Obama at Siemens' new wind turbine plant in Fort Madison, Iowa, and is in the process of developing a clean energy city called Masdar outside Abu Dhabi in the United Arab Emirates. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. The company has been first every year since then. On behalf of the entire Executive Board, I would like to thank Laura Abasolo García de Baquedano for her good and trusting cooperation.

Next

Siemens CEO goes quietly, but revenue's still lurching

peter löscher

Loescher was forced to put on the back-burner a strategy to increase annual sales by about a third to 100 billion euros last year, announcing instead a plan to save 6 billion euros over two years to compete with rivals such as General Electric Co. Indeed, Siemens rarely disappoints fans of the gory. He studied economics at Vienna University of Economics and Business Administration and Chinese University of Hong Kong. This is a space where subscribers can engage with each other and Globe staff. Ingo Speich, a fund manager at Union Investment, criticized Siemens for announcing that Loescher would be leaving before the supervisory board had even taken its vote. The only time he seemed to relax and smile in our 90-minute meeting was when he talked about Barca. But it appears that the missed profit margin target was the biggest mistake.

Next