Siemens Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Roland Busch

Chief executive officer

€7.6m

Total compensation

CEO salary percentage	23.3%
CEO tenure	13yrs
CEO ownership	n/a
Management average tenure	6.1yrs
Board average tenure	6.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Roland Busch's remuneration changed compared to Siemens's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	€9b
Sep 30 2023	€8m	€2m	€8b
Jun 30 2023	n/a	n/a	€9b
Mar 31 2023	n/a	n/a	€6b
Dec 31 2022	n/a	n/a	€4b
Sep 30 2022	€7m	€2m	€4b
Jun 30 2022	n/a	n/a	€2b
Mar 31 2022	n/a	n/a	€5b
Dec 31 2021	n/a	n/a	€5b
Sep 30 2021	€7m	€2m	€5b
Jun 30 2021	n/a	n/a	€5b
Mar 31 2021	n/a	n/a	€5b
Dec 31 2020	n/a	n/a	€4b
Sep 30 2020	€5m	€1m	€4b
Jun 30 2020	n/a	n/a	€4b
Mar 31 2020	n/a	n/a	€4b
Dec 31 2019	n/a	n/a	€5b
Sep 30 2019	€4m	€1m	€5b
Jun 30 2019	n/a	n/a	€4b
Mar 31 2019	n/a	n/a	€4b
Dec 31 2018	n/a	n/a	€5b
Sep 30 2018	€4m	€1m	€6b
Jun 30 2018	n/a	n/a	€6b
Mar 31 2018	n/a	n/a	€7b
Dec 31 2017	n/a	n/a	€6b
Sep 30 2017	€4m	€1m	€6b

Compensation vs Market: Roland's total compensation ($USD8.14M) is above average for companies of similar size in the Italian market ($USD3.91M).

Compensation vs Earnings: Roland's compensation has been consistent with company performance over the past year.

CEO

Roland Busch (59 yo)

13yrs

Tenure

€7,608,000

Compensation

Dr. Roland Busch, Dipl Phys., has been Member of Supervisory Board at Siemens Healthineers AG since February 12, 2020. Dr. Busch has been Chief Executive Officer of Siemens Aktiengesellschaft since October...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Roland Busch	President	13yrs	€7.61m	no data
Matthias Rebellius	Member of the Managing Board & CEO of Smart Infrastructure	3.5yrs	€3.72m	no data
Judith Wiese	Chief People & Sustainability Officer	3.5yrs	€3.70m	no data
Ralf Peter Thomas	CFO & Member of the Managing Board	10.6yrs	€4.88m	no data
Cedrik Francis Neike	CEO of Digital Industries & Member of Managing Board	7yrs	€4.80m	no data
Eva Scherer	Head of Investor Relations	1.5yrs	no data	no data
Andreas Hoffmann	General Counsel	10.3yrs	no data	no data
Annette Kraus	Chief Compliance Officer	2.9yrs	no data	no data
Lynette Jackson	Head of Global Communications	2.5yrs	no data	no data
Leslie Bodnar	Chief Marketing Officer	6.1yrs	no data	no data
Michael Schulz-Drost	Chief Financial Officer of Mobility	no data	no data	no data
Horst-Andreas Kayser	CEO of Portfolio Companies	18.3yrs	no data	no data

6.1yrs

Average Tenure

55yo

Average Age

Experienced Management: 1SIE's management team is seasoned and experienced (6.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Werner Brandt	Second Deputy Chairman of Supervisory Board	6.3yrs	€464.00k	no data
Benoit Potier	Independent Member of Supervisory Board	6.3yrs	€160.00k	no data
Matthias Zachert	Independent Member of Supervisory Board	6.3yrs	€326.00k	no data
Jurgen Kerner	Employee Representative Member of Supervisory Board	12.3yrs	€325.50k	no data
Jim Snabe	Independent Chairman of Supervisory Board	10.5yrs	€602.00k	no data
Bettina Haller	Employee Representative Member of Supervisory Board	17yrs	€256.00k	no data
Birgit Steinborn	Employee Representative First Deputy Chairwoman of Supervisory Board	16.3yrs	€450.00k	no data
Nathalie von Siemens	Independent Member of Supervisory Board	9.3yrs	€160.00k	no data
Dorothea Simon	Employee Representative Member of Supervisory Board	6.5yrs	€154.00k	no data
Andrea Fehrmann	Employee Representative Member of Supervisory Board	6.3yrs	€156.00k	no data
Hagen Reimer	Employee Representative Member of Supervisory Board	5.3yrs	€222.00k	no data
Tobias Baumler	Employee Representative Member of Supervisory Board	3.5yrs	€296.00k	no data

6.4yrs

Average Tenure

56yo

Average Age

Experienced Board: 1SIE's board of directors are considered experienced (6.4 years average tenure).

Siemens Management

Management criteria checks 3/4

Key information

Recent management updates

Siemens Aktiengesellschaft, Annual General Meeting, Feb 08, 2024

Siemens Aktiengesellschaft, Annual General Meeting, Feb 09, 2023

Siemens Names Hakan Ozdemir as New Qatar CEO

Siemens Appoints Jamie Hoyzer as CEO in Oman

Recent updates

Now 21% undervalued

Siemens Aktiengesellschaft to Report Q3, 2024 Results on Aug 08, 2024

Siemens, Universal Robots, and Zivid Unveil Next-Generation Solution for Intra-Logistics Fulfillment

Now 20% undervalued

First quarter 2024 earnings released: EPS: €3.01 (vs €1.88 in 1Q 2023)

Upcoming dividend of €4.70 per share at 2.8% yield

Siemens Aktiengesellschaft to Report Fiscal Year 2023 Results on Dec 06, 2023

Full year 2023 earnings released: EPS: €10.02 (vs €4.67 in FY 2022)

Siemens AG Seeks Discount for Siemens Energy's Stake in Indian JV

Siemens Energy Reportedly Weighs Sale of Stake in Indian Firm to Siemens

Siemens Aktiengesellschaft, Annual General Meeting, Feb 08, 2024

Third quarter 2023 earnings released: EPS: €1.57 (vs €2.06 loss in 3Q 2022)

Siemens Aktiengesellschaft to Report Q3, 2023 Results on Aug 10, 2023

Siemens Reportedly Taps BNP for Potential €3 Billion Innomotics Sale

Second quarter 2023 earnings released: EPS: €4.39 (vs €1.28 in 2Q 2022)

Siemens Reportedly Seeks to Sell Airport Logistics Division

ABB Ltd (SWX:ABBN) acquired Low voltage NEMA motor business from Siemens Aktiengesellschaft (XTRA:SIE).

First quarter 2023 earnings released: EPS: €1.88 (vs €2.06 in 1Q 2022)

Upcoming dividend of €4.25 per share at 3.0% yield

Siemens Aktiengesellschaft to Report Q1, 2023 Results on Feb 09, 2023

Full year 2022 earnings released: EPS: €4.67 (vs €6.36 in FY 2021)

Siemens Aktiengesellschaft, Annual General Meeting, Feb 09, 2023

Mutares SE & Co. KGaA (XTRA:MUX) completed the acquisition of NEM Energy B.V. from Siemens Aktiengesellschaft (XTRA:SIE).

Siemens Names Hakan Ozdemir as New Qatar CEO

Siemens Appoints Jamie Hoyzer as CEO in Oman

Siemens Aktiengesellschaft to Report Q4, 2022 Results on Nov 17, 2022

Public Joint Stock Company Inter RAO UES (MISX:IRAO) acquired 65% stake in Siemens Gas Turbines Technologies LLC from Siemens Aktiengesellschaft (XTRA:SIE).

ABB Ltd (SWX:ABBN) signed an agreement to acquire Low voltage NEMA motor business from Siemens Aktiengesellschaft (XTRA:SIE).

Third quarter 2022 earnings released: €2.05 loss per share (vs €1.55 profit in 3Q 2021)

ABB Ltd (SWX:ABBN) signed an agreement to acquire Low voltage NEMA motor business from Siemens Aktiengesellschaft (XTRA:SIE).

Valeo SE (ENXTPA:FR) completed the acquisition of remaining 50% stake in Valeo Siemens eAutomotive Germany GmbH from Siemens Aktiengesellschaft (XTRA:SIE).

Siemens Aktiengesellschaft to Report Q3, 2022 Results on Aug 11, 2022

Siemens AG Launches Siemens Xcelerator, an Open Digital Business Platform to Accelerate Digital Transformation

Siemens Aktiengesellschaft (XTRA:SIE) entered into a definitive agreement to acquire Brightly Software, Inc. from Clearlake Capital Group, L.P. for $1.9 billion.

Mutares SE & Co. KGaA (XTRA:MUX) agreed to acquire NEM Energy B.V. from Siemens Aktiengesellschaft (XTRA:SIE).

Investor sentiment deteriorated over the past week

Siemens Aktiengesellschaft (XTRA:SIE) acquired an unknown minority stake in WiTricity Corporation for $25 million.

Meritor, Inc. (NYSE:MTOR) entered into an agreement to acquire Commercial Vehicles Business of Siemens AG for €190 million.

Second quarter 2022 earnings released: EPS: €1.28 (vs €1.74 in 2Q 2021)

Siemens Aktiengesellschaft to Report Q2, 2022 Results on May 12, 2022

First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

Siemens Aktiengesellschaft Proposes Dividend

Upcoming dividend of €4.00 per share

Full year 2021 earnings released: EPS €6.36 (vs €5.11 in FY 2020)

Siemens Aktiengesellschaft (XTRA:SIE) entered into an agreement to acquire SupplyFrame, Inc. for $700 million.

Siemens Aktiengesellschaft (XTRA:SIE) acquired Padam Mobility S.A.S.

Chief Compliance Officer has left the company

Second quarter 2021 earnings released: EPS €1.74 (vs €1.29 in 2Q 2020)

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age