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Industrial goods maker Siemens' new chief is a software veteran

Analysts say it's a good move as Siemens seeks to adapt its 19th-Century industrial heritage to the 21st Century

Published Sun, Feb 5, 2017 · 09:50 PM
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Munich

OVER the past 170 years, Siemens AG has forged a reputation as a manufacturer of trains, turbines and other huge things that weigh more than a house. So why is it asking a software guy to oversee the place?

Siemens on Wednesday introduced Jim Hagemann Snabe, a 51-year-old veteran of software house SAP, as its next chairman, scheduled to take effect next January, according to a statement.

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