The Supervisory Board of Siemens Energy AG has renewed CEO Christian Bruch’s contract for an additional five years, extending it until April 2030.
Germany, Munich: At its regular meeting, the Supervisory Board of Siemens Energy AG has decided to extend CEO Christian Bruch’s contract for an additional five years, now set to last until April 2030.
The initial contract was due to expire in April 2025.
The opinion of senior managers of Siemens Energy Company about continuing to work with him:
Joe Kaeser, Chairman of the Supervisory Board, remarked, “Throughout his initial term, Christian Bruch has navigated Siemens Energy through challenging periods. These challenges began with the spin-off of Siemens Energy and were exacerbated by geopolitical instability in central Europe.
The situation intensified with the complete acquisition of the wind division. While the anticipated improvements in transparency and accessibility were achieved, they also revealed significant deficiencies. Christian Bruch and his team have elevated the conventional business to unprecedented heights with remarkable dedication, effectively halting the critical decline of the wind sector. The initial signs of recovery are already apparent, and the anticipated return of the wind division to profitability by 2026 will mark one of the most significant restructuring efforts in Siemens’ history.”
SIEMENS ENERGY Company CEO Christian Bruch
Robert Kensbock, 1st Deputy Chairman of the Supervisory Board and Chairman of the General Works Council, expressed that the Works Council members support the extension of Bruch’s contract, believing that this continuity conveys a positive message both internally and externally.
Christian Bruch, President and CEO of Siemens Energy AG, stated, “I am grateful to the Supervisory Board for their confidence in me. It is a tremendous privilege to lead the Siemens Energy team as CEO.
My objective remains to enhance the profitability and value of Siemens Energy consistently. This primarily involves steadfastly pursuing our key priorities: profitable growth, restructuring the wind division, and further fortifying our financial position.”
About Siemens Energy company:
Siemens Energy AG is a German publicly-traded energy corporation formed through the spin-off of the former Gas and Power division of Siemens, and it includes full ownership of Siemens Gamesa.
Christian Bruch is the CEO, and the former CEO of Siemens AG, Joe Kaeser, is the chairman of the supervisory board.
