Gerhard Cromme, the Chairman of Siemens’ Supervisory Board, recently introduced Peter Löscher as Siemens’ new President and CEO. “Peter Löscher is the ideal President and CEO for Siemens. He has the characteristics that have made Siemens strong and that distinguish the company today: internationality, capacity for change and respect for tradition”, said Cromme.

According to the company’s press release, Löscher’s goal is to make Siemens more transparent, less complex, faster and more efficient. The President and CEO made it clear that the company’s culture also requires further optimization. His first days in office will be devoted to visiting Siemens’ Groups, production facilities and research laboratories. One focus will be on the high-growth markets of China, India and Japan, where Siemens still has substantial unrealized potential. He will subsequently visit Russia and the Gulf region.

The new President and CEO underscored his commitment to innovation, to Germany as a business location and to moves to foster the company’s emerging leaders. “Not only do we have to intensify our efforts as a company. We must also support the government in finding ways – through education, qualification and recruitment – to attract a sufficient number of highly-qualified young people from outside the country,” he noted.