XTRA:ENRElectrical
New Leadership and Activist Pressure Could Be A Game Changer For Siemens Energy (XTRA:ENR)
Siemens Energy has appointed Hussein Shoukry as Managing Director for the Middle East and Africa, succeeding retiring veteran Dietmar Siersdorfer, and placed him in charge of regional operations spanning 29 offices, over 4,000 employees, and about €9.00 billion in fiscal 2025 order intake.
At the same time, activist investor Ananym Capital has built a significant stake and is urging Siemens Energy to prioritize its gas turbine business and consider spinning off its weaker wind power segment,...