Siemens

Siemens AG (German pronunciation: [ˈziːmɛns]) is a German multinational conglomerate company headquartered in Berlin and Munich and the largest engineering company in Europe.

The principal divisions of the company are Industry, Energy, Healthcare, and Infrastructure & Cities, which represent the main activities of the company. The company is a prominent maker of medical diagnostics equipment and its medical health-care division, which generates about 12 percent of the company's total sales, is its second-most profitable unit, after the industrial automation division. The company is a component of the Euro Stoxx 50 stock market index. Siemens and its subsidiaries employ approximately 362,000 people worldwide and reported global revenue of around €71.9 billion in 2014 according to their annual report.

History

1847 to 1901

Siemens & Halske was founded by Werner von Siemens and Johann Georg Halske on 12 October 1847. Based on the telegraph, his invention used a needle to point to the sequence of letters, instead of using Morse code. The company, then called Telegraphen-Bauanstalt von Siemens & Halske, opened its first workshop on October 12.

Joe Kaeser

Joe Kaeser (born Josef Käser on June 23, 1957) is the current CEO of Siemens AG, Munich, a role he has been in since August 1, 2013.

Early life

Joe Kaeser was born in Arnbruck, in the Bavarian Forest in Germany, on June 23, 1957. He spent his early life in education throughout Germany. Following his studies in business administration at the Regensburg University of Applied Sciences, he joined Siemens in 1980.

Career

Kaeser subsequently held various business administration management positions, including a term at the Siemens Components Operations in Malacca, Malaysia (1987–1988). In 1990 he was appointed Vice President of business administration of the Opto Semiconductors Division. In 1994 Kaeser served first as Executive Vice President and Chief Financial Officer, and later as CEO of the Group’s American subsidiary Siemens Components, located in Cupertino, California, as well as at Siemens Microelectronics, in neighboring San Jose.

In 1999 Kaeser joined Corporate Finance where he was responsible for developing a Company-wide performance controlling system. During this time he also shared oversight for preparing the company’s stock market listing in New York and the worldwide conversion of its accounting system to US GAAP.