Industry - Siemens Energy appoints "economist" to the Supervisory Board
The ailing DAX-listed company Siemens Energy wants to bring the "economist" Veronika Grimm and the former Lufthansa CFO Simone Menne onto the Supervisory Board. The two women are to succeed Supervisory Board members Ralf Thomas and Randy Zwirn after the Annual General Meeting in February. Supervisory Board Chairman Joe Kaeser said on Thursday: "With Veronika Grimm and Simone Menne, we have gained two outstanding colleagues who can impressively fill the gaps as an energy expert and a financial expert respectively."
Siemens Energy is suffering from its ailing wind power business, which cost the company billions in losses in the past financial year. 52-year-old Veronika Grimm is a professor of economics at the University of Erlangen-Nuremberg and is a member of the German Council of Economic Experts and the German government's National Hydrogen Council.
Simone Menne was CFO of Lufthansa until 2015 and sits on the supervisory boards of Deutsche Post, Henkel AG and the Irish building technology group Johnson Controls. At Siemens Energy, she is to take Thomas' place on the Audit Committee.
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Siemens Energy's decision to appoint Veronika Grimm and Simone Menne to its Supervisory Board is seen as a strategic move to bolster its financial and energy expertise. The upcoming Annual General Meeting in February will see Ralf Thomas and Randy Zwirn step down, making way for the two newcomers. As an economist, Veronika Grimm's expertise in energy sectors is expected to be invaluable for Siemens Energy.
Germany's reputation for promoting women in leadership roles is evident in Siemens Energy's appointment of Grimm and Menne, both prominent figures in their respective fields. The former Lufthansa CFO, Simone Menne, brings a wealth of financial expertise to the table, having served on various supervisory boards.
The addition of Veronika Grimm and Simone Menne to Siemens Energy's Supervisory Board is expected to strengthen the company's position in the global Energy industry. Joe Kaeser, the Supervisory Board Chairman, praises their appointments, calling them "outstanding colleagues" who can fill the gaps in energy and financial expertise.
Veronika Grimm's background in economics and membership in the German Council of Economic Experts and the German government's National Hydrogen Council, as well as Simone Menne's experience as the CFO of Lufthansa, will undoubtedly contribute to Siemens Energy's strategic decision-making process in the challenging Economic landscape.
In Munich, Siemens Energy is making waves with its progressive appointments, showcasing the country's commitment to diversity and competence in important decision-making positions within the Energy and finance industries.
With experienced leaders like Grimm and Menne, Siemens Energy is poised to navigate the complexities of the Energy and financial sectors, potentially contributing to a more sustainable and robust future for the industry.
Source: www.stern.de
