Peter Löscher

Peter Löscher

Peter Löscher at the Financial Times CNBC Davos Nightcap, 26 January 2012

Peter Löscher (born 17 September 1957 in Villach, Austria) is an Austrian manager and former president, Global Human Health at global pharmaceutical company Merck & Co. He was appointed chief executive officer (CEO) of Siemens on 20 May 2007 as the successor of Klaus Kleinfeld, and was selected to take on the new position on 1 July 2007.[1] He was the first top executive in the 160-year history of Siemens to be hired from outside the company.[2]

Education

Peter Löscher graduated from Gymnasium Villach/Austria in 1978 and got a master's degree at the Vienna University of Economics and Business Administration. Later he attended but did not obtain a degree from an MBA program at the Chinese University of Hong Kong and the Advanced Management Program (AMP) at Harvard University. In 2007 he received the honorary degree of Doctor of Engineering from Michigan State University.[3]

Professional career

The President of Russia Vladimir Putin and Peter Löscher in 2010.
Peter Löscher, President and CEO of Siemens, with Maria Bartiromo, the television journalist, at the FT CNBC Davos Nightcap, 26th January 2012.

From 1988 until 2000 he worked for the German pharmaceutical company Hoechst in Spain, Japan, Great Britain and the United States. After Hoechst merged with Rhone-Poulenc he stayed at Aventis until 2002. He then joined Amersham, which was taken over by General Electric. In 2006 he became a member of the executive board of the US pharmaceutical company Merck.

Löscher became the first CEO of Siemens AG to be appointed from outside the company in 2007.[4] He was replaced by Joe Kaeser (Josef Käser) as CEO and left Siemens in July 2013.[5]

Personal life

Peter Löscher speaks German, English, French, Spanish, and Japanese. He and his Spanish-born wife have three children. According to an interview in the New York Times, Löscher was the captain of the volleyball team at high school and college.[6]

References

  1. ↑ Merck Announces Resignation of Peter Loescher, President, Global Human Health
  2. ↑ Spiegel Online, 21 May 2007 "Peter Löscher, an Outsider, Named New CEO"
  3. ↑ Siemens
  4. ↑ Angela Monaghan (2013-07-29). "Siemens chief executive, Peter Loescher, heading for the exit". theguardian.com. Retrieved 2014-08-09.
  5. ↑ Jack Ewing (July 28, 2013). "Siemens to Oust Chief After String of Setbacks". The New York Times.
  6. ↑ Patricia Laya (2 August 2011). "As Soon As You Believe That You Are On Top Of The Game, You Probably Have Lost It". Business Insider.
Preceded by
Klaus Kleinfeld		 CEO of Siemens
2007 – 31 July 2013 		Succeeded by
Joe Kaeser
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