Siemens AG (Munich): The company has appointed Ralf Thomas (left)as CFO. He was previously CFO at the company's Industry Sector.

In other news at Siemens AG, the current co-CEO of SAP, Jim Hagemann Snabe, is to be appointed member of the Supervisory Board by court order on application by the company as successor to Josef Ackermann, who is leaving the Siemens Supervisory Board at his own request on Sept. 30. This was decided by the Siemens Supervisory Board at its meeting today. "In view of the growing strategic importance of digitalization for Siemens' core businesses, we are adding to the technology and software competence of the Supervisory Board with the appointment of Jim Hagemann Snabe,” said Gerhard Cromme, chairman of the Supervisory Board of Siemens AG. We are gaining an internationally respected expert in this area. I am looking forward to working with him."