It is not surprising that the market is focusing on new Siemens CEO, Mr Löscher, and on what he will do to set things right at the company.
Let us remember that new Mr Löscher was appointed just after the announcement of major positive results, of which he had no part, so his performance should be measured from here on.
On the other hand, the new Chairman, Gerhard Cromme, who appointed Mr Löscher, took over and then forced out the previous CEO, alleging that the Board wanted to start fresh. Is that the reason or is it that he wanted the CEO to be his appointment?
Since Mr. Cromme took over he has maintained a very public role, some would say almost executive role.
It is not clear but there is the question about whether Mr. Cromme will remain in the limelight while his CEO remains in the background, almost as his COO.
The roles of CEO and Chairman are different and both important. Will Mr. Cromme remember that?
Onésimo Alvarez-Moro
See article:
Peter Löscher, Siemens’ new chief executive, has tried to damp investors’ hopes of radical change at the German industrial conglomerate by promising “evolution not revolution”.
Mr Löscher, who takes over at Europe’s largest engineering group on Monday, said in his first public comments since taking the job that he would “drive the necessary change as we have done over and over again in our history”.
But he underlined in a meeting with journalists on Tuesday night that he was inheriting Siemens “in absolutely fantastic shape” and committed himself to the company’s financial targets for 2010.
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