Siemens shareholders today appointed the great-great granddaughter of the company’s founder, Werner von Siemens, to take on what could be a role in transforming the perennially underperforming electronics group.
Nathalie von Siemens, a 43-year-old, is expected to be named by shareholders today to Siemens’ non-executive supervisory board, which hires and fires the chief executive and approves major restructurings. The company was founded in 1847 by Mr. von Siemens, an inventor who patented the process for gold-plating.
His numerous heirs still own a combined 6 percent of the company.
Ms. von Siemens will replace another Siemens heir on the supervisory panel, Gerd von Brandenstein, whose mother’s last name was von Siemens. Mr. von Brandenstein had joined the board in 2008 and is also responsible for Siemens’ asset management. Mr. von Brandenstein is a descendant of the brother of the company’s founder.