Siemens to increase the percentage of women in top management

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The FINANCIAL — Siemens AG intends to further increase the percentage of women in its top management positions. For both of the company’s top two management levels in Germany, the share is to be raised to 10 percent by the end of June 2017.

For the company’s Managing Board, the Siemens Supervisory Board has set the target of at least maintaining the status quo until June 30, 2017. Two women – Lisa Davis and Janina Kugel – are currently members of the seven-member Managing Board. With six female members – Bettina Haller, Nicola Leibinger-Kammüller, Güler Sabancı, Birgit Steinborn, Nathalie von Siemens and Sibylle Wankel – the Supervisory Board of Siemens AG already fulfills the statutory gender quota of 30 percent women, according to Siemens.

“In recent years, Siemens has worked hard to get more women in top positions. The results are quite impressive. But we can’t let up now. Particularly as a technology company, we have a long-term responsibility to increase the share of women in leadership positions. Women in top positions should be the rule rather than the exception,” said Janina Kugel, Siemens’ Chief Human Resources Officer.

Siemens Healthcare GmbH, a separately managed company, aims to have women in 25 percent of its Supervisory Board positions. This target, too, has already been achieved. Healthcare intends to boost the share of women in its top- and second-level management to five percent and 18 percent, respectively, by the end of June 2017.

On their own initiative, the companies listed on Germany’s DAX stock market index set individual targets for increasing the percentage of women in their management positions. Every year, these companies report on their progress in status reports. Siemens has set a goal of increasing the share of women in its management in Germany from 10 percent at the end of September 2011 to 12 to 13 percent by 2015. This target has been reached. By the end of fiscal 2014, nearly 13 percent of the company’s managers in Germany were women.

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The DAX companies’ current voluntary targets are not comparable to the targets now legally required for management boards and the top two levels of company management. The German law requires that management teams set targets for their companies’ management boards and top two leadership levels by September 30, 2015. For this reason, the DAX companies will continue to report on their progress in achieving their voluntary national and international targets in addition to publishing the status of their compliance with the German law.

 

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