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| Name | Symbol | Market | Type |
|---|---|---|---|
| Siemens AG (PK) | USOTC:SIEGY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.31 | 1.39% | 95.65 | 95.61 | 95.65 | 96.20 | 95.049 | 96.00 | 69,866 | 20:59:53 |
From May 2019 to May 2024
By William Wilkes
FRANKFURT--Siemens AG's Chief Technology Officer Siegfried Russwurm will resign from the company's management board when his contract expires in March 2017, Siemens said on Friday.
Mr. Russwurm has been on Siemens' management board since January 2008, working closely on the Munich-based company's digitization program, the firm said. Mr. Russwurm was also responsible for the Middle East and former Soviet Union countries, as well as being board member responsible for the Siemens' healthcare segment.
"The decision not to extend his contract, which expires on March 31, was made with the full agreement of both parties," Supervisory Board Chairman Gerhard Cromme said.
The company didn't provide a reason for his resignation.
Mr. Russman said he didn't want to "close the door on new challenges."
Write to William Wilkes at william.wilkes@wsj.com
(END) Dow Jones Newswires
September 23, 2016 07:48 ET (11:48 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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