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Siemens Shakeup Eliminates Infrastructure & Cities (I&C) Division

Matt Ball on October 18, 2013 - in Smart Cities

Siemens’ new Chief Executive Joe Kaeseris is returning more power to lower-level managers around the world with the aim of making the engineering group more nimble.

The company, Germany’s second-biggest by market value, said in a statement on Thursday it was doing away with a level of regional management it calls “clusters”, introduced by former chief executive Peter Loescher in 2008, to return to a flatter hierarchy and make it easier to take quick decisions.

A German magazine earlier reported CEO Kaeser was also planning a major corporate revamp that would see him dismantle the Infrastructure & Cities (I&C) division and review the other three main businesses.

Read more via Reuters

Matt Ball

About Matt Ball

Matt Ball is founder and editorial director of V1 Media, publisher of Informed Infrastructure, Earth Imaging Journal, Sensors & Systems, Asian Surveying & Mapping and the video news site GeoSpatial Stream.

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