PRESS RELEASES

Lisa Davis Named Siemens Corp. Chair, CEO

RESTON, VA, December 9, 2016 — Siemens Corp. announced Nov. 30 the appointment of Lisa Davis as chair and CEO, effective Jan. 1, 2017, to follow the retirement of current CEO Eric Spiegel. Judith Marks has been appointed Siemens CEO U.S., effective the same date.

“Eric has grown Siemens’ business and furthered our reputation in the U.S. as a critical contributor to the country’s economic, manufacturing and innovation engines, and we thank him for his leadership,” Davis said. “Judy has a deep knowledge of Siemens’ entire portfolio that will serve us well during this time of transition and into the future.”

“In announcing my retirement, I am tremendously proud of what my team and I were able to accomplish over the last seven years for one of the world’s leading industrial companies in Siemens’ largest market,” Spiegel said. “As the new administration and Congress begin to outline their priorities, the time is right for Lisa and Judy to guide the company’s outreach and engagement from day one.”

“I look forward to working with Lisa, Siemens employees and Siemens’ customers during an exciting moment in the company’s history,” Marks said. “Our mission is to make real what matters. It’s to continue setting the benchmark for electrification and automation for our customers while pushing into our newest chapter where we do the same with digitalization. This is a company that is uniquely capable of delivering immense value both to customers and to communities across the U.S.”

“It is fantastic to see Siemens reward Judy’s tremendous impact on the company over the past five years, which includes guiding Government Technologies Inc. to outpace growth targets and overseeing the successful integration of Dresser-Rand into the corporation, by elevating her to this position,” NorthWind Partners Managing Partner Mark HuYoung said. “As a friend of many years, Judy has the remarkable ability to distill strategic, and often complex, initiatives into salient, tangible goals that an organization can embrace and execute to transform and/or grow. I’m not surprised to see her taking the helm of the U.S. business.”

Marks started at Siemens in 2011 as Siemens Government Technologies Inc. president and CEO. She previously spent 27 years with Lockheed Martin and its predecessor companies. She will assume the CEO U.S. role in addition to her current position as executive vice president at Dresser-Rand, a Siemens business.

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