Siemens appoints finance chief Kaes

Siemens appoints finance chief Kaeser as CEO
Associated Press

The logo of German industrial conglomerate Siemens is pictured outside their headquarters in Munich, southern Germany, Wednesday, July 31, 2013. Siemens AG has appointed longtime finance chief Joe Kaeser as its new chief executive, replacing Peter Loescher after a series of missed profit targets at the German industrial conglomerate. Siemens said its supervisory board unanimously chose the 56-year-old Kaeser on Wednesday. (AP Photo/Matthias Schrader)

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