New Siemens CEO: 'Company is most definitely not in a crisis'
Siemens' brand new CEO Joe Kaeser, who took over after the sudden ouster of Peter Löscher, tells shareholders that the company has been too 'preoccupied with itself' lately but that the healthcare giant doesn't need a major overhaul to right the ship again.
Kaeser, Siemens' former CFO who took over the corner office just last week, said in a recent shareholders letter that his top priorities at the moment are "to steer Siemens back into calm waters and build a powerful team."
The German healthcare giant has recently faced some inner turmoil amidst the ouster of former CEO Peter Löscher, who was booted from the helm late last month. Loescher's departure, which cut his contract short by 4 years, came in the wake of several missed earnings reports and profit warning letters for Siemens.