Siemens appoints new CEO for US

Siemens as appointed the former VP and senior partner of management consultancy Booz & Co Eric Spiegel as the new US CEO and president.
 
Based in Washington, Spiegel will be tasked with going after $8 billion (€5.5b) in US revenue from the US government stimulus plan with plans for products for more efficient electricity grids, wind-power turbines and mass-transit technology.
 
Siemens in the US has endured a period of rationalization, shedding 5,000 staff last year. It currently has 64,000 staff in the US and reported sales of $22.4 billion in 2008. 
 
Spiegel takes the helm from a 26-year Siemens veteran George Nolen, who left in August. H He was president and CEO of the US unit from 2004 until August when chairman Peter  Solmssen took over as interim CEO. "Siemens is a complex, global organization and Eric brings the right combination of product, customer and policy expertise, along with strategic organizational experience," said Solmssen.