This comes as a surprise since Peter Loescher seemed to be doing OK, however he was NOT German. It will be interesting to see what sort of internal notice we (as a Siemens employee) will be getting later this weekend (I just checked my company mail and nothing yet).
BERLIN — German engineering giant Siemens AG says it will be replacing its chief executive, who has drawn the ire of shareholders by failing to meet profit targets.
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