Siemens Former Supervisory Board Chairman Heribald Naerger Dies

Heribald Naerger, former supervisory board chairman of Siemens AG, has died. He was 91.

Naerger died on April 26, Europe’s biggest engineering company said Sunday in an e-mailed statement, citing his family. He headed Siemens’s supervisory board from 1988 to 1993, after being a member of its management board for 25 years; for 20 years of that period he was chief financial officer of the Munich-based company where he had a reputation for building up a high liquidity reserve.

Siemens Supervisory Board Chairman Gerhard Cromme in the statement praised Naerger as “one of the most important figures in Siemens’s postwar history,” who “decisively shaped” the company’s development.

Naerger was born on Nov. 25, 1923, in Liegnitz, now the Polish town of Legnica, according to the website of Munzinger-Archiv GmbH, a Ravensburg, Germany-based archive company. He studied law in Munich, and started his career as assistant to the management board of Bayerische Vereinsbank AG in 1951 before joining a Siemens predecessor company in 1963.