Siemens Energy CEO’s contract extended
The Supervisory Board of Siemens Energy AG extended the contract of CEO Christian Bruch for a further five years until April 2030.
Christian Bruch, President and CEO of Siemens Energy AG (Image credit: Siemens Energy)
Germany, Munich: The Supervisory Board of Siemens Energy AG extended the contract of CEO Christian Bruch for a further five years until April 2030 at its regular meeting. The original term of the contract was until April 2025.
Joe Kaeser, Chairman of the Supervisory Board of Siemens Energy AG said: “During his first term in office Christian Bruch has led Siemens Energy through turbulent times. These started during the implementation of the spin-off of Siemens Energy and continued with geopolitical turbulence in the center of Europe. The challenges reached their peak with the complete takeover of the wind business. The hoped-for improvements in transparency and access materialized but showed fundamental shortcomings. Christian Bruch and his team have raised the conventional business to new levels with unparalleled commitment and stopped the existential decline of the wind business. The first effects of this are already visible and the planned return of the wind business to break even from 2026 will complete one of the largest restructuring projects in Siemens’ history.”
Robert Kensbock, 1st Deputy Chairman of the Supervisory Board and Chairman of the General Works Council added that the Works Council members welcome the extension of Bruch’s contract and are convinced that this continuity sends a positive signal internally and externally.
Christian Bruch, President and CEO of Siemens Energy AG commented: “I would like to thank the Supervisory Board for the trust they have placed in me. It is a great honor for me to work for the Siemens Energy team as CEO. My goal remains to continuously increase the profitability and value of Siemens Energy. First and foremost, this means consistently implementing our priorities: profitable growth, restructuring the wind business, and further strengthening our balance sheet.”
Source: Siemens Energy
