Siemens has appointed Roland Busch as its new CEO, replacing Joe Kaeser after 40 years.

According to the company, Jim Hagemann Snabe has also been named supervisory board chairman for another four year term of office, and  shareholders elected Grazia Vittadini, chief technology officer of Airbus and member of the airbus executive committee, and Kasper Rørsted, CEO of adidas AG, first-time supervisory board members.

‘On behalf of the supervisory board and all Siemens employees, I’d like to thank Joe Kaeser for his dedication to the company, for his more than 40 years of tireless commitment, for his life’s work,’ said Snabe. ‘At the same time, Roland Busch is the ideal choice to further drive the transformation of Siemens AG. In this effort, the merging of the virtual and real worlds will play a key role. The aim now is to renew the technological backbone of the economy and society.’

This story uses material from Siemens, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.