Siemens Names Peter Loscher New CEO

By Steven Schwankert
Mon, May 21, 2007

IDG News Service (Beijing Bureau) — Siemens on Sunday named Merck's Peter Loscher as its new president and CEO in the wake of recent scandals that have plagued the company.

Loscher, currently serving as president of global human health for Merck in New Jersey, will replace Klaus Kleinfeld on June 30. In April, Kleinfeld told Siemens' supervisory board that he was stepping down, choosing not to renew his contract, due to expire on Oct. 1. Prior to joining Merck, Loscher served on the corporate executive council of Siemens rival General Electric.

The native Austrian joins Siemens in the wake of investigations into bribery allegations by authorities in Germany and the United States, including the U.S. Securities and Exchange Commission and U.S. Department of Justice. In March, German police arrested Siemens board member Johannes Feldmayer as part of their investigation into the alleged bribery of the head of a German labor organization.

Kleinfeld has denied wrongdoing, and no charges have been filed against him. The investigations are ongoing.

Despite the taint of corruption, Siemens' most recent financial results indicate the company is on the right track. In April, the company reported a 36 percent increase in net income for its fiscal second quarter, with 10 percent year-on-year growth.

You are here: Business/Management Topics » IT Organization » News Short

Most Recent IT Organization Stories

White Papers »

Converged Infrastructure for Dummies

As you know, everything is mobile, connected, interactive, and immediate. This is exactly why organizations need a highly agile IT infrastructure in order to keep pace with extreme fluctuations in business demand. This book will help you understand why infrastructure convergence has been widely accepted as the optimal approach for simplifying and accelerating your IT to deliver services at the speed of business while also shifting significantly more IT resources from operations to innovation.

Quantifying the Business Value of VMware View

For this white paper, IDC performed an in-depth analysis of the business value of VMware View, defined as the expected ROI associated with the use of the solution as a platform for the targeted deployment of a virtual desktop infrastructure.

Virtualization reduces costs and complexity for mid-sized businesses

This paper explains virtualization, its benefits for mid-sized business and how IBM's virtualization strategy can help these companies reduce costs, improve services and simplify management.

A Standard Branch Office IT Platform to Optimize and Consolidate

Forrester Research makes recommendations on best practices to optimize branch virtualization and consolidation initiatives. See how a "thin" branch architecture, with key servers, services and applications in the data center that relies on a high-performing WAN connection, can offer the greatest efficiencies.

Maintaining Continuous Compliance - a new best practice approach

When trying to achieve continuous compliance with internal policies and external regulations, organizations need to replace traditional processes with a new best practice approach and new innovative technology, such as that provided by IBM Tivoli Endpoint Manager.

Rewriting the rules of Patch Management

IBM Tivoli Endpoint Manager helps organizations automatically manage patches for multiple operating systems and applications across hundreds of thousands of endpoints regardless of location, connection type or status.

Webcasts »

Apps QuickStart Series Part 2: Designing and Deploying SQL Server on VMware vSphere

Download this webcast to learn about the design considerations for virtualizing SQL workloads, performance and scalability information and high-availability options, as well as support considerations

Quantifying the Business Value of VMware View - Webcast

Many enterprises have discovered that the use of virtualization to support desktop workloads creates a range of significant benefits. These benefits include price efficiencies, improved IT management and greater agility and choice for end users.

This VMware sponsored webcast with IDC will provide both quantitative measurement of the business value -- defined as the expected ROI -- and qualitative analysis associated with the use of VMware View™. IDC will also provide an analysis of the View Composer and ThinApp™ features of VMware View, including the business value of these solutions and an overview of how they work.

Attend this webcast to learn about:
- Challenges and barriers that might impede the adoption of desktop virtualization
- Navigating roadblocks to facilitate a strategic implementation
- Optimizing qualitative and quantitative benefits to IT and your business

Architecting a Modern Approach to Data Management

Applications are changing - they're increasingly web-oriented, global in nature and run from multiple device types. Additionally, the volume of data is growing exponentially every year. How do you ensure your applications have fast, accurate, up-to-date information in this new world? Modern applications are data-intensive; delivering data the old way using monolithic databases isn't working. What's needed is a modern approach to data. One that scales-out as needed and delivers predictable high performance, but without sacrificing data consistency or integrity.

Introduction to VMware View 5

VMware View™ 5 simplifies IT management while increasing end user freedom by delivering desktop services from your cloud. Building upon VMware's leadership in desktop virtualization, VMware View 5 delivers a high-performance user experience while giving IT greater policy control.

View this webcast and find out how VMware View 5 can help you:
- Deliver the highest fidelity experience of desktop services across any device and any network
- Simplify and automate IT management, security and control of desktop services
- Reduce the costs associated with your desktop environment

The CIO's View: Time-to-Value Through Automation

IT professionals are being asked to deliver faster "time-to-value" than ever before. An IDG Research survey found that CIOs are eager to invest in technologies that will enable them to get new applications and services up quickly, achieving faster time-to-value.

5 Steps to Successful IT Consolidation

Learn how to reduce IT management overhead, ease revision control, guarantee data security, scale systems more quickly and reduce server and software costs.

Newsletter Sign-Up »

Receive the latest news test, reviews and trends on your favorite technology topics

Choose a newsletter