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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: tradermike_1999 who started this subject7/8/2004 9:07:02 AM
From: smolejv@gmx.net  Read Replies (1) of 74559
 
>> ElMat - Pierer steps down to step up

PORTRAIT/Marthonmann Kleinfeld takes over the control of Siemens

with Klaus Kleinfeld takes over at the beginning of coming yearly a manager the executive committee presidency with Siemens, for which both within the technology company and with Analysten and good choice applies. "Kleinfeld is a very good successor of Heinrich von Pierer", a Analyst said. a large Kommunikator is more "Er and understands it to develop strategies and realize them", says an Insider. So far Kleinfeld has been responsible for the communication sections and the company strategy applied already for quite some time as a most promising candidate to the chief armchair with Siemens. Thus the 46-jaehrige marathoner before its appointment had reorganized and back into the profit area had led the defizitaere US business of the technology company successfully into the central executive committee in the middle of November 2003 within two years. Subsequently, von Pierer, the father of two daughters, the responsibility for the important communication sections of the company had transferred. At the latest starting from this time Kleinfeld was acted as favorite for the executive committee presidency. Siemens: Kleinfeld large Fussstapfen to fill out made sure within Siemens shows one that it will fill out the large Fussstapfen of its predecessor in the future: a marathoner is more "Er and knows, what ist" perseverance;. Besides to Kleinfeld social authority and its international experience one refers. The native of Bremen had begun 1982 after a BWL study in Goettingen its career with Institut of the donation for empirical social research in Nuernberg. Four years later it than product manager changed to the Ciba-Geigy AG and started then 1987 with Siemens in the central site selling. Later Kleinfeld worked among other things in the business planning, before it changed into the range medical technology and moved up there in April 2000 into the range executive committee. Starting from at the beginning of of 2001 Kleinfeld was active with the Siemens Corp in the USA and took over in the following year the line of the US business. New job brings some challenges although the Siemens company after the restructuring in the past years according to market participants is well positioned, could already at the beginning the term of office for Kleinfeld heavy tasks wait. Thus structural defects at the combi NO streetcars make for the company to create at present. A final reorganization concept is not present so far, the company further loads in this connection did not exclude. To Kleinfeld also the task comes to improve the relationship to employees and trade unions, disturbed last, after the recent arguments of Pierers with the industrial union metal and the disputed introduction of the 40-Stunden-Woche in two Siemens works again. Von Pierer surprisingly with that a tormenting personnel discussion saved, said early presentation of its desire successor an industry connoisseur. The planned change of the separating chairman of the board to the point of the supervisory board is undisputed however not in view of the Corporate Governance rules, why it must adjust itself on the skin meeting at the beginning of January to some criticism. +++Mathias Schmidt Dow Jones
Newswires/7.7.2004/mas/jhe

PS sorry for terrible english - it's the babelfish plus I have no time right now. Anyhow, Pierer did/was done a vertical arabesque.

regards

dj
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