New Siemens CEO says turnaround will take time
Peter Loescher, who will take over as Siemens AG's new CEO next week, said the company would need "evolution, not revolution" to overcome a scandal that involved alleged illegal payments to win contracts. Loescher replaces Klaus Kleinfeld, who is departing in the wake of the scandal.
Forbes | 06/27
This story published in USTelecom dailyLead on 06/28/2007
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