Siemens Backs Former Nestle CEO Mark Schneider as Next Chairman
By Cristina Gallardo
Siemens' supervisory board said it intends to elect former Nestle Chief Executive Mark Schneider as the next company chairman immediately after its annual shareholders' meeting in 2027.
The German industrial company said Tuesday that its board had unanimously backed Schneider as successor to departing Chairman Jim Hagemann Snabe. Schneider will be elected following Siemens' annual general meeting on Feb. 11, 2027, Siemens said in a statement.
Schneider joined the supervisory board in 2025, and has worked closely with the group's businesses, the company said.
Ola Rollen, Marion Helmes and Christoph von Seidel will be proposed as new board members, it added.
Meanwhile, Regina Dugan, Keryn Lee James and Matthias Zachert will be proposed for re-election, it said.
Snabe, Nathalie Von Siemens and Benoit Potier will leave the board at the end of the AGM, the company said.
Write to Cristina Gallardo at cristina.gallardo@wsj.com
(END) Dow Jones Newswires
May 12, 2026 11:28 ET (15:28 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Stocks to Buy Before They Rise Further
2 Undervalued Stocks to Buy Before They Rebound
The 10 Best Companies to Invest in Now
The 10 Best Dividend Stocks
United States