UPDATE 2-Siemens's Busch favourite to be next CEO after promotion to deputy job [Reuters]
GE Aerospace (GE)
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Source: Reuters
Siemens promotes Roland Busch to deputy Chief Executive role - Reuters 3 Min Read ZURICH (Reuters) - Siemens ( SIEGn.DE ) promoted Chief Operating Officer Roland Busch to become deputy chief executive, it said on Wednesday, putting the 54-year-old in pole position to eventually replace Joe Kaeser as head of the German engineering group. Siemens said its supervisory board would decide in the summer of next year on a successor to Kaeser, whose contract is due to run until early 2021. In his new role, Busch will be responsible for implementing Siemens’s 2020+ strategy which will see the trains to turbines maker focusing on factory automation and smart buildings as the core of its business. “By appointing Roland Busch Deputy CEO, we’re emphasizing the importance of the industrial digitalization of the company for the next generation,” supervisory board chairman Jim Hagemann Snabe said in a statement. Siemens also named managing board member Michael Sen as the head of its standalone gas
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