The Supervisory Board of Siemens AG has approved the proposal of its Chairman’s Committee to appoint Mr Löscher, a full member of the Managing Board of Siemens AG, as Siemens President and CEO at an extraordinary meeting in Munich on 20th May 2007. In addition, the Supervisory Board of Siemens AG approved the proposal of the Chairman’s Committee to appoint Dr Heinrich Hiesinger to the Managing Board of Siemens AG. Effective 1 June 2007, Mr Hiesinger who is currently Group president of Siemens Building Technologies will be a full member of the Managing Board of Siemens AG and a member of the company’s Corporate Executive Committee.
