Siemens USA Names CEOSiemens USA Names CEO

NEW YORK -- Siemens AG (NYSE:SI) today named George C. Nolen president and chief executive officer (CEO) of Siemens Corporation, New York.

Nolen will be responsible for representing Siemens in the United States, which accounts for more than 20 percent of the global company's revenues. He is tasked with growing the U.S. operations, increasing market share and advancing programs to unify the company's more than 80 individual U.S. business units into a cohesive portfolio under the Siemens brand.

Nolen succeeds Klaus Kleinfeld, who has been named a member of the Corporate Executive Committee for Siemens AG, responsible for the company's global information and communications businesses. Kleinfeld will also assume special regional responsibilities for Russia, the former Soviet Republics, Africa, and the Middle East, and will supervise the company's global strategic planning function.

"It is an honor to lead Siemens USA at a time when we have such a great future ahead of us," said Nolen. "Thanks to Klaus Kleinfeld's leadership, we have a strong foundation for continued success in Siemens' largest and most dynamic market. I look forward to working closely with my Siemens colleagues across the United States to broaden the company's relationships with its customers and partners."

Kleinfeld said: "I hold great admiration for the nearly 70,000 Siemens colleagues in the U.S. and for what we have accomplished. In looking forward to my new role at Siemens AG, I leave the States with full confidence that our business here is well-positioned for growth."

Nolen, 47, will temporarily continue in his current role as the president and CEO of Siemens Information and Communication Networks in the United States. In the U.S., ICN provides integrated voice and data networks and solutions for telecommunications carriers, cable providers and enterprise customers. Nolen has been in this position since February 2002.

Previously, Nolen served as president and CEO of Siemens Enterprise Networks LLC. In this position, which he held from 1998 until 2002, he was responsible for building the enterprise business into a profitable customer-focused solutions provider. Nolen joined Siemens in 1982 in sales and went on to serve as senior vice president of sales and service for Siemens Business Communication Systems, Inc., where he was responsible for sales channels, distributor channels, national accounts, consultant resources, Siemens customer support centers, telesales, and enhanced services within North America.

Nolen is a graduate of Virginia Polytechnic Institute. He is actively involved in youth sports and other community programs.

Siemens AG