Siemens has snared GE Healthcare general counsel Peter Solmssen to take up the position of general counsel, which for the first time will have a seat on the management team and on the board.
The German technology outfit has also appointed Andreas Pohlmann as its new chief compliance officer, with both lawyers scheduled to start on 1 October.
Chairman of Siemens’ supervisory board Gerhard Cromme said: “This is a decisive step toward resolving the current problems at Siemens and reorienting the company.”
Siemens has been plagued with investigations into its practices of late. January saw the European Commission issue Siemens with a £261m fine for cartel involvement (www.thelawyer.com 26 January 2007).
The company is currently being investigated by Munich’s State Prosecutor, the European law enforcement agency, the US Department of Justice and the Securities and Exchange Commission over allegations of corruption.
Solmssen was previously executive vice president and general counsel at UK-based GE Healthcare based, a unit of General Electric.
Pohlmann joins the company from Texas-based chemical company Celanese Corp, where he was executive vice president and chief administrative officer.
It is understood that the executive board and the supervisory board at Siemens approved the proposal for their appointments on Wednesday.
Siemens has also announced plans to integrate the company’s audit functions into a department called corporate finance audit. The department is to be headed by Hans Winters, who will be chief audit officer.