The Supervisory Board of Siemens AG has extended the contracts of Managing Board members Veronika Bienert and Dr. Peter Koerte ahead of schedule, citing the need for continuity and stability during a significant phase in the company’s transformation.
Dr. Peter Koerte, Chief Technology Officer and Chief Strategy Officer, is noted for his involvement in implementing the ONE Tech Company program, particularly focusing on the strategic direction and development of Siemens’ artificial intelligence portfolio.
Jim Hagemann Snabe, Chairman of the Supervisory Board of Siemens AG, stated: “On behalf of the entire Supervisory Board I’d like to cordially congratulate Veronika Bienert and Peter Koerte on the early extension of their contracts. In Ms. Bienert, we’re gaining an experienced, internationally prominent and optimally networked financial expert to head our important finance portfolio. She combines wide-ranging financial expertise with extensive entrepreneurial experience in our business areas and regions. Peter Koerte is playing a key role in the company’s current transformation – in particular, in the strategic orientation and development of Siemens’ AI portfolio. At the same time, I’d like to take this opportunity to thank Ralf Thomas for his extraordinary commitment and his outstanding services over the last three decades. With his strategic foresight, steady hand and personal integrity, he’s made a major contribution to our company’s strength today. I’d particularly like to thank Ralf Thomas also for his active support in the selection and further development of his successor.”
Roland Busch, President and CEO of Siemens AG, commented: “Veronika Bienert and Peter Koerte are admired and respected members of our Managing Board team. Veronika Bienert is an outstanding financial expert and entrepreneur who knows Siemens in all its facets. With his strategic vision and extensive technological know-how, Peter Koerte is decisively driving the implementation of our ONE Tech Company program. I’d also like to take this opportunity to thank Ralf Thomas for his extraordinary achievements and many years of trust-based collaboration. Siemens’ development over the past few years and our company’s rock solid financial foundation bear to a large extent his signature.”
Veronika Bienert expressed her appreciation by saying: “My appointment as CFO is for me a very meaningful step and an expression of great trust. I’m looking forward to continuing Ralf Thomas’s successful work and, at the same time, bringing in new perspectives so that Siemens can unlock its full potential as ONE Tech Company across all its businesses and regions and thus create sustainable value for our company. The application of digital technologies in our financial function will play a key role in this respect, and – together with our excellent teams – I’ll vigorously accelerate its use.”
Peter Koerte added: “I’d like to take this opportunity to sincerely thank the Supervisory Board for its trust and support. I’m very much looking forward to decisively driving the implementation of our ONE Tech Company program in order to achieve stronger customer focus, faster innovations and higher growth. In particular, I’ll further expand our technological leadership – especially in the area of industrial AI – and scale our AI offerings to create even more value for our customers.”
Ralf P. Thomas remarked: “I am very pleased by the Supervisory Board’s decision to appoint Veronika Bienert CFO of Siemens AG. It has been my privilege for many years to have supported her in her successful and wide-ranging development at our company, and I am firmly convinced that – with her extensive financial expertise and comprehensive business experience – Veronika Bienert is optimally prepared to assume this key responsibility at our company. Together, we will ensure a smooth transfer of the finance function with its extremely efficient and highly motivated teams. At the same time, I am deeply grateful that I have been permitted to serve Siemens for a total of more than 30 years and, finally, as CFO for over a decade. It was – and is – a great honor for me to have been able to actively help shape the development of this great company.”
Veronika Bienert began her career at Siemens in 1993 through an apprenticeship in business administration before holding various management roles across Hong Kong, Russia, Germany as well as supporting transitions within global businesses such as Industrial Automation and Mobility sectors.
In 2016 she became CFO at Siemens Financial Services where she managed risk management operations before being named CEO there five years later; under her leadership since 2021 she maintained reliable returns on equity while positioning Financial Services as both enabler within industrial business units but also bridging partners externally.
Since October 2024 she has served both on Siemens’ Managing Board as CEO overseeing portfolios including Real Estate Services alongside Global Business Services.
Peter Koerte previously worked internationally including France before joining leadership positions at both Siemens Healthineers (notably spending eight years with them stateside) then moving into strategy/technology focused roles; he was appointed CTO/Chief Strategy Officer back in 2020 prior again joining Managing Board last year overseeing initiatives such as Xcelerator platform plus Foundational Technologies/Data & Artificial Intelligence segments.