Siemens names new boss
Afp, Frankfurt
German engineering giant Siemens on Sunday announced it had hired an Austrian pharmaceutical specialist as its new chief executive, a surprise choice for the firm dogged by corruption scandals. Peter Loescher, a 49-year-old who currently runs US pharmaceutical giant Merck's Global Human Health division, takes over at Siemens on July 1. The decision to hire an executive from outside the company was unexpected and seemed to signal a desire for a clean break from the weeks of turmoil that has enveloped the company.
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