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Siemens Limited ( (IN:SIEMENS) ) has shared an announcement.
Siemens Limited announced the cessation of Mr. Guilherme Vieira De Mendonca as Head of the Company following the transfer of its Energy Business to Siemens Energy India Limited (SEIL) as part of a sanctioned Scheme of Arrangement. This strategic move, effective from March 1, 2025, involves the transfer of all employees related to the Energy Business to SEIL, with Mr. Vieira De Mendonca and Mr. Harish Shekar taking on leadership roles as Managing Director and CEO, and Executive Director and CFO, respectively, at SEIL. This restructuring is expected to streamline operations and enhance focus on core competencies, potentially impacting stakeholders through improved operational efficiency and market positioning.
More about Siemens Limited
Siemens Limited operates in the industrial manufacturing sector, focusing on automation, digitalization, and electrification solutions. The company provides a range of products and services aimed at enhancing industrial efficiency and sustainability.
YTD Price Performance: -21.05%
Average Trading Volume: 10,570
Current Market Cap: 1853.3B INR
Learn more about SIEMENS stock on TipRanks’ Stock Analysis page.