Siemens Taps New Boss With Head in the Cloud as Profits Surge

Over the past 170 years, Siemens AG has forged a reputation as a manufacturer of trains, turbines and other huge things that weigh more than a house. So why is it asking a software guy to oversee the place? Siemens on Wednesday introduced Jim Hagemann Snabe, a 51-year-old veteran of software house SAP, as its next chairman, scheduled to take effect next January, according to a statement.

Siemens chairman to nominate Snabe as successor: Manager Magazin

Siemens logo is pictured on a CT scan in the manufacturing plant of Siemens Healthineers in Forchheim near Nuremberg, Germany, October 7, 2016. Siemens’ chairman plans to put forward ex-SAP co-Chief Executive Jim Hagemann Snabe as his successor at the company’s annual shareholder meeting on Wednesday, German business monthly Manager Magazin reported.