Finance
Siemens names Koerte to lead smart infrastructure division
Published by Global Banking & Finance Review®
Posted on February 11, 2026
2 min readLast updated: February 11, 2026
Quick Summary
Siemens appoints Peter Koerte as head of Smart Infrastructure, replacing Matthias Rebellius. Veronika Bienert to become CFO, reducing the board size.
Siemens Appoints Peter Koerte as Head of Smart Infrastructure Division
Leadership Changes at Siemens
BERLIN, Feb 11 (Reuters) - German industrial group Siemens AG said on Wednesday it had appointed Chief Technology Officer Peter Koerte to take over as head of its Smart Infrastructure division from July, replacing the current head Matthias Rebellius, who will step down from the board.
Peter Koerte's New Role
At the same time, it said Veronika Bienert, responsible for the services portfolio of Siemens Financial Services, whose appointment as chief financial officer was announced last year, would begin her new job from April 1.
Succession Planning and Transformation
“With these decisions, the Supervisory Board is ensuring orderly and smooth succession planning for the Managing Board and setting the course for the next phase of our transformation into ONE Tech Company," Supervisory Board Chairman Jim Hagemann Snabe said in a statement.
Impact on Siemens Financial Services
In his current role as Chief Technology Officer and Chief Strategy Officer, Koerte has played a key role in developing Siemens' AI portfolio, the company said.
The departure of Rebellius and outgoing CFO Ralf Thomas will see the managing board cut from seven members to five, it said.
(Reporting by James Mackenzie; Editing by Kirsten Donovan)
Key Takeaways
- •Peter Koerte appointed head of Siemens' Smart Infrastructure.
- •Matthias Rebellius steps down from the board.
- •Veronika Bienert to start as CFO from April 1.
- •Supervisory Board ensures smooth succession planning.
- •Managing board reduced from seven to five members.
Frequently Asked Questions about Siemens names Koerte to lead smart infrastructure division
1What is succession planning?
Succession planning is a strategy for passing on leadership roles and ensuring that key positions within an organization are filled with qualified individuals.
2What is a Chief Technology Officer?
A Chief Technology Officer (CTO) is an executive responsible for overseeing the technological direction of a company, ensuring that technology aligns with business goals.
3What is a financial services division?
A financial services division is a segment of a company that provides financial products and services, including banking, investments, and insurance.
4What is a board of directors?
A board of directors is a group of individuals elected to represent shareholders and oversee the activities of a company, providing guidance and strategic direction.
5What is innovation in business?
Innovation in business refers to the process of creating new ideas, products, or methods that improve efficiency, effectiveness, or competitive advantage.
