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