New Siemens CEO: 'Company is most definitely not in a crisis'

Tue, 08/06/2013 - 12:52pm
Mass Device

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.

New Siemens CEO: 'Company is most definitely not in a crisis'

Newly appointed Siemens (NYSE:SI) CEO Joe Kaeser is bullish about the company's prospects, calling Siemens "virtually unbeatable" – as long as it retains the right people.

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.


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