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Siemens Boss Peter Löscher to Stay until 2017

Published: July 25, 2011; 17:38 · (Vindobona)

The Austrian manager will remain CEO of the German group for another five years. His contract will be extended until 2017.

Siemens Boss Peter Löscher to Stay until 2017 / Picture: © Siemens Austria VAI

German newspapers on Monday reported that Siemens will extend the contract of its boss Peter Löscher one year before it is due to end. The Austrian has been heading the group since 2007.

Informed persons close to the German company said that Siemens’ supervisory board would take the decision next week. The contract would be extended for five years until 2017. Löscher will…

This article includes a total of 198 words.

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