Friday, September 22, 2023
Homehealth and scienceSiemens CEO says company will not break up — but will become...

Siemens CEO says company will not break up — but will become a ‘fleet of ships’ instead

  • Since taking over as CEO in 2013, Joe Kaeser has sought to divest several of the firm's businesses
  • "Mediocrity was the dominating element of big conglomerates and, in the new digital age, digitalization goes exactly after mediocrity," Kaeser told CNBC on Friday
  • In August, the industrial group announced plans to float its healthcare unit in 2018

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