Siemens to stick to restructuring plans, despite new CEO Loescher's appointment |
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Published
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Tue, 29 May 2007 09:57
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FRANKFURT (Thomson Financial) - Siemens AG is to stick to its 'Fit for 2010' restructuring programme - leaving incoming CEO Peter Loescher little scope to incorporate changes - reported Handelsblatt newspaper, citing managers at Siemens's IT and medical technology units.'Fit for 2010 clearly defines the goals for this unit. It is the framework in which we will operate for the next three years,' head of the company's IT unit Christoph Kollatz told the newspaper.Head of medical technology at Siemens Erich Reinhardt added: 'The strategic orientation for this unit has been confirmed.'Peter Loescher is due to take up the reins as Siemens's new chief executive on July 1.The company's 'Fit for 2010' programme aims to focus the business on three areas -- energy, infrastructure and medical technology.krysia.diver@thomson.comkd/ejbCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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Siemens' CEO may sell some businesses to boost share value - report 