Siemens Mobility Division will become one of the three Strategic Companies, along with Siemens Healthineers and Siemens Gamesa Renewable Energy, as part of the group’s new structure presented on August 1 by Joe Kaeser, the President of Siemens AG.
Below the Group level, there will be three Operating Companies and three Strategic Companies.
The new structure will go into effect at the start of the new fiscal year on October 1, 2018 and, step-by-step will be completed by March 31, 2019.
“Starting 1 August, we will be a legally separate entity named Siemens Mobility. We will have strong values and strong and clear mission. We will enable the mobility operators worldwide to make their infrastructure intelligent, to provide decisive added value sustainability all over the lifecycle, enhance passenger experience and to guarantee availability. Of course, we will be a 100 percent-owned Siemens company and continue to carry the Siemens brand proudly,” Sabrina Soussan, CEO of Siemens Mobility said, after the announcement.
The company’s Building Technologies Division (BT), Energy Management Division (EM), Power and Gas Division (PG), Digital Factory Division (DF) and large parts of its Process Industries and Drives Division (PD) will be combined to form three new Operating Companies. The Business Units of the company will also be set up newly in a more focused manner and integrated into the three Operating Companies. The CEOs of the newly established Operating Companies will also continue to be members of the Managing Board of Siemens AG.
The goal of the new company structure is to provide Siemens’ individual businesses with greater entrepreneurial freedom. As a result, the organizational level of the current Divisions will be eliminated, the regional organization realigned to further increase its customer orientation, and company headquarters streamlined. “By further developing our strategy, we’re building the next-generation Siemens. Less management from headquarters and more freedom for our businesses will make us stronger and more flexible,” Joe Kaeser, the President of Siemens AG said.
In the future, Company Headquarters will be considerably leaner, and some of its tasks and employees will be transferred to other units. Headquarters will focus on core tasks (Finance, Governance & Markets, Legal and Compliance, Human Resources and Communications).
We remind you that in July, 95% of Alstom’s shareholders approved the resolutions related to the proposed combination of Alstom with Siemens Mobility business including its rail traction drives business.