Seeking Alpha

Siemens CEO Loescher to battle for his job.

  • 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.
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