Siemens' Worldly Ways
Siemens, the Munich electronics and engineering giant, has long been known as competent but a little slow. Profits rarely measure up to those of rivals such as General Electric (GE). Klaus Kleinfeld, who took over as CEO in early 2005, is trying to change that. The 48-year-old marathon runner has set tough targets for all Siemens (SI) divisions, which make products ranging from X-ray machines to fuel injectors to turbine generators. And he has sold underperforming units such as the mobile handset business.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.