Siemens Names Shared Services CEO

Siemens names Denice Kronau president and CEO of subsidiary Siemens Shared Services

April 22, 2002

1 Min Read

NEW YORK -- Siemens Corporation has named Denice Kronau president and chief executive officer of Siemens Shared Services, LLC, a wholly owned subsidiary. Siemens Shared Services provides support services primarily to Siemens operating companies in the United States. Services range from import/export to human resources solutions to travel management to accounting. Her appointment reflects the rapid growth and impact of Shared Services within Siemens USA. She replaces Gregory Finley, who as CEO led the company through its critical start-up phase, resulting in significant cost savings and other benefits to Siemens. Finley will assume the duties of chief operating officer and will focus primarily on providing his operational expertise to the business units of Shared Services. Kronau will formulate the ongoing vision and strategy for the company overall, as well as focus on developing new services. Kronau reports to Klaus Stegemann, chief financial officer of Siemens Corporation and chairman of the Siemens Shared Services board of directors. "Siemens Shared Services is an important partner to Siemens' businesses because it sets stringent productivity programs across our organization and enables us to achieve greater operating and cost efficiencies,'' said Stegemann. "Denice understands the intricacies of running an entrepreneurial business while at the same time working within the framework of a large corporate organization. This unique combination of qualifications, together with her background in shared services organizations, makes Denice the ideal person to lead and grow Siemens Shared Services.'' Most recently, Kronau was with Gunn Partners working as a Senior Consultant to the Program Director for worldwide global shared services of an international drinks business. Siemens AG

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