Honeymoon Ends

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As Clock Ticks, Siemens CEO Faces the Music

Joe Kaeser Siemens frown afp
A mixed report card for Siemens chief executive Joe Kaeser.
  • Why it matters

    Why it matters

    If Joe Kaeser, the latest in a string of Siemens CEOs, cannot turn around the struggling company, Germany’s industrial credentials could be damaged.

  • Facts

    Facts

    • Siemens plans a major reorganization when it eliminates its sector-based divisions on October 1.
    • Part of Mr. Kaeser’s strategy includes acquisitions in the United States, where he intends to expand Siemens’ activity in the shale gas industry.
    • While European rival ABB expects moderate growth through 2020, Siemens has shrunk considerably in size and reputation over the last few years.
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    Audio

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