Peter Solmssen to resign from Siemens managing board

Peter Solmssen will resign from the managing board of Siemens AG by mutual agreement, effective December 31, 2013. A member of the managing board since October 2007, Solmssen has served as general counsel and head of the legal and compliance department.

In the future, the managing board area legal and compliance will be assigned to president and CEO Joe Kaeser. Andreas Christian Hoffmann will be the new general counsel and head of the legal and compliance department. He will report directly to the president and CEO.

Gerhard Cromme, chairman of the supervisory board of Siemens AG, thanked Peter Solmssen for his achievements. "Mr. Solmssen joined Siemens at a difficult time and played a key role in investigating the compliance affair at our company. By establishing a strong compliance organization, he performed a major service and made important contributions to steering Siemens through a challenging phase and restoring its good reputation."

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