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Siemens proposes former SAP boss Snabe as next chairman

Published 02/01/2017, 01:17 AM
Updated 02/01/2017, 01:20 AM
© Reuters. FILE PHOTO - Former CEO of German software group SAP Snabe attends a news conference in Frankfurt
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MUNICH, Germany (Reuters) - Top European engineering group Siemens (DE:SIEGn) proposed former SAP (DE:SAPG) co-chief executive Jim Hagemann Snabe as its next chairman ahead of its annual shareholder meeting on Wednesday.

Snabe, a 51-year-old Dane who has been a Siemens supervisory board member since 2013, should take over from Gerhard Cromme after next year's AGM.

He also holds directorships at software maker SAP (DE:SAPG), insurer Allianz (DE:ALVG), shipping group Moeller-Maersk (CO:MAERSKb) and audio equipment maker Bang & Olufsen (CO:BO)

© Reuters. FILE PHOTO - Former CEO of German software group SAP Snabe attends a news conference in Frankfurt

Siemens said he intended to reduce the number of his supervisory board positions by 2018.

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