Siemens to Replace CEO as Loescher Fails to Emulate Peers

Siemens to Replace CEO as Loescher Fails to Emulate Peers

Guenter Schiffmann/Bloomberg

Joe Kaeser, chief financial officer of Siemens AG, left, shakes hands with Peter Loescher, chief executive officer of Siemens AG, during a news conference in Munich, Germany, on Thursday, Nov. 10, 2011. Siemens will probably appoint Joe Kaeser, a 33-year company veteran, as CEO at this Wednesday's meeting, according to people familiar with the matter.