Daniel Noa no longer to function as Siemens’ Chief Compliance Officer
Effective July 1, 2007, Daniel Noa (55) will resign as Chief Compliance Officer of Siemens AG. Noa will serve the company as a consultant until the end of 2008. As Siemens CFO Joe Kaeser notes, “Mr. Noa has made a substantial and valuable contribution to expanding the company’s internal control systems and laying the foundation for its future compliance structure. We thank him for the successful work.”
Until a successor has been named, Paul Hobeck, head of Siemens’ Legal Department, will take over his responsibilities. The investigations at Siemens are proceeding at an undiminished pace, and the internal control systems will continue to be further strengthened.
Siemens (Berlin and Munich) is a global powerhouse in electrical engineering and electronics. The company has around 475,000 employees (incl. discontinued operations) working to develop and manufacture products, design and install complex systems and projects, and tailor a wide range of services for individual requirements. Siemens provides innovative technologies and comprehensive know-how to benefit customers in over 190 countries. Founded more than 160 years ago, the company focuses on the areas of Information and Communications, Automation and Control, Power, Transportation, Medical, and Lighting. In fiscal 2006 (ended September 30), Siemens had sales of €87.3 billion and net income of €3.033 billion, according to U.S. GAAP. Further information is available on the Internet at: www.siemens.com
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