New CEO for Siemens UAE.
Siemens has appointed Kay Zwingenberger as its new Chief Executive Officer for the UAE.
Zwingenberger will be responsible for
Siemen's growth strategy in the region, and for developing local research
initiatives, and driving technology and knowledge transfer with local groups.
"The UAE is a thriving, rapidly-developing
nation and Siemens is committed to strengthening further its engagement in
realizing the country's ongoing economic diversification Diversification
A risk management technique that mixes a wide variety of investments within a portfolio. It is designed to minimize the impact of any one security on overall portfolio performance.
Diversification is possibly the greatest way to reduce the risk. , creating job
opportunities for young Emiratis, and supporting the transfer of know-how and
technology," Zwingenberger said.
Zwingenberger was previously CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. for Central Asia for Siemens, and has worked for the company
Erich Kaeser, CEO of Siemens Middle East,
said: "Kay Zwingenberger brings with him two decades of experience of working
with Siemens and has a proven track record of growing the company's business.
We look forward to continuing the 40-year success story of Siemens in the UAE
as a trusted long-term partner and employer, and a responsible corporate
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