Please enable it to continue. One of the world’s largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of systems for power generation and transmission as well as medical diagnosis. [70] In 2009, Kleinfeld was named Chairman of the Board of the U.S.-Russia Business Council (USRBC), which promotes trade and investment between the U.S. and Russia. [36] The investigation later found that Siemens maintained slush funds in secret bank accounts outside Germany that the company used to win contracts. About Siemens in Saudi Arabia Siemens is a global powerhouse focusing on the areas of electrification, automation and digitalization. [8] Kleinfeld's efforts to modernize the company led to conflict with defenders of Siemens' traditional business culture. Kleinfeld instituted a turnaround program that focused on strengthening cash flow and adding new responsibilities to senior leaders' roles. [63] The renamed Alcoa Inc., Arconic (ARNC), produces finished parts for the automotive and aerospace industries. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. ", Read more: Angela Merkel puts on hold arms sales to Saudi Arabia. [34] This led to speculation in the German media that Siemens had off-loaded the division to avoid dealing with the fallout of its imminent demise. [49][53][54] In November 2014, Alcoa completed a $2.85 billion acquisition of jet engine components manufacturer Firth Rixson. © 2020 Deutsche Welle | BIN HADI: Siemens has been operating in Oman since 1974 and is responsible for generating, transmitting and distributing around 60% of the country’s electricity. [31][33] Prior to his role as CEO, Kleinfeld transformed Siemens Management Consulting into an effective partner for the global businesses and he contributed significantly to the profitable turnaround of Siemens' regional business in the U.S. By April 2007, all Siemens Groups reached or exceeded target margins for the first time. [76] Also in December 2014, Kleinfeld received a Dwight D. Eisenhower Global Leadership Award from the Business Council for International Understanding. [20], In January 2001, Kleinfeld was promoted to chief operating officer (COO) of Siemens USA. [9] However, the company's financial performance flourished. Also in 2004, Kleinfeld was appointed Vice President of Siemens AG. [17], In 1982, Kleinfeld began his career as a marketing consultant. Barbara Humpton | Chief Executive Officer, Siemens USA. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. [55] In March 2015, the company acquired German titanium and aluminum castings supplier Tital. [57] On 28 September 2015, Alcoa completed its transformation with an announcement that it would split into two publicly traded companies the following year – a spin-off called Alcoa Corp., and another comprising the renamed Alcoa Inc., Arconic, which would hold onto Alcoa Inc.'s value-add mid- and downstream businesses. Quotes delayed at least 15 minutes. Kleinfeld is former chairman and CEO of Alcoa Inc., and former president and CEO of Siemens AG.
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