Siemens CEO Loescher to battle for his job.

|About: Siemens AG (SIEGY)|By:, SA News Editor

Siemens (SI) CEO Peter Loescher, who looks set to be fired at a supervisory board meeting on Wednesday, will reportedly try to fight for his job, although his prospects for success are low.

If he does go down, he'll try to take Chairman Gerhard Cromme with him.

Finance chief Joe Kaeser is the most likely candidate to replace Loescher.

Siemens' shares were -0.6% pre-market.