Published by Global Banking & Finance Review®
Posted on December 11, 2024
1 min readLast updated: January 27, 2026
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Siemens proposes Mark Schneider as future supervisory board chairman, succeeding Jim Hagemann Snabe by 2027. AGM voting is set for February 2025.
(Reuters) - Former Nestle and Fresenius SE CEO Mark Schneider could succeed Jim Hagemann Snabe as chairman of the supervisory board of Siemens by 2027 at the latest, Siemens said on Wednesday, proposing Schneider's election.
"If I am fortunate to be re-elected as Chair in February 2025, I plan to manage a transition within the next two years," current chairman Snabe said in a statement.
"I made a commitment to effectively manage my own succession and with Mark, we have an excellent candidate," he added.
Schneider left Nestle in August when he was replaced as CEO after nearly eight years.
Siemens' annual general meeting, at which voting for the supervisory board position will be held, is set for February 13 2025.
Siemens also proposed a dividend of 5.20 euros, up from 4.70 euros in the year prior.
(Reporting by Alexander Huebner with Paul Arnold; Writing by Marleen Kaesebier; Editing by Madeline Chambers)
The main topic is Siemens proposing Mark Schneider as the future chairman of its supervisory board by 2027.
Mark Schneider is the former CEO of Nestle and Fresenius SE, proposed as Siemens' future supervisory board chairman.
Siemens' annual general meeting is scheduled for February 13, 2025.
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