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Tag Archives: Joe Kaeser

Siemens Inks $7B Cash Deal for Energy Equipment Maker Dresser-Rand; Joe Kaeser Comments


Siemens has agreed to acquire rotating equipment provider Dresser-Rand (NYSE: DRC) for approximately $7.6 billion cash in a move to grow Siemens’ global oil and gas business. Joe Kaeser, president and CEO of Siemens AG, said Monday that Dresser-Rand will become “the oil and gas” company within Siemens. Siemens expects to complete the transaction ...

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SAP Co-CEO Jim Hagemann Snabe Named to Siemens Board

Jim Hagenmann Snabe, co-chief executive at SAP AG (NYSE: SAP), has been appointed to the supervisory at Siemens (NYSE: SI), Bloomberg reported Wednesday. Alex Webb writes Hagemann will succeed Josef Ackermann, who resigned from the board last week. SAP will end its dual CEO structure next year with Bill McDermott serving as ...

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