SIEMENS INDUSTRY, INC. ANNOUNCES NEW PRESIDENT OF ITS DRIVE TECHNOLOGIES DIVISION

Industry Veteran to Lead Drive Technologies Division

ATLANTA, May 3, 2011 – Siemens Industry, Inc. announced today that Doug Keith was named president of its Drive Technologies Division, effective immediately. He joins the organization from Siemens Energy, where he served as vice president of the Power Distribution Medium Voltage Business Unit since 2005. Doug will be based in Alpharetta, Ga. and will succeed Anne Cooney, who has accepted a new position as COO of Siemens Healthcare Diagnostics in Tarrytown, N.Y.

“Doug brings more than 20 years of engineering and industrial expertise to the Drive Technologies Division. We’re confident that under his leadership the division will continue to expand its innovative motor and drive solutions to meet our customer’s needs for increased productivity, energy efficiency, smart infrastructure and quality customer service,” says Daryl Dulaney, president and CEO of Siemens Industry, Inc.

Prior to joining Siemens Energy in 2005, Doug occupied numerous leadership positions at General Electric where he managed factories in the United States and Mexico.

Doug holds a bachelor’s degree in Mechanical Engineering from North Carolina State University and is currently enrolled at the European School of Management and Technology in Berlin.

Siemens Industry
Siemens Industry, Inc. is the U.S. affiliate of Siemens’ global Industry Sector business—the world’s leading supplier of production, transportation and building technology solutions. The company’s integrated hardware and software technologies enable comprehensive industry-specific solutions for industrial and infrastructure providers to increase their productivity, sustainability and profitability. The Industry Sector includes six divisions: Building Technologies, Industry Automation, Industry Solutions, Mobility, Drive Technologies and Osram Sylvania. With nearly 204,000 Siemens Industry Sector employees worldwide, the Industry Sector posted a worldwide profit of $4.7 billion on revenues of $47.3 billion in fiscal 2010. www.usa.siemens.com/Industry

Drive Technologies
A division of Siemens Industry, Inc., the Drive Technologies Division is the world’s leading supplier of electrical and mechanical products, applications and solutions that cover the entire drive train. Drive Technologies is the global leader in energy-efficient motors and drives, as well as products and services for production machinery and machine tools. Technologies include standard products, industry-specific control and drive solutions, as well as mechatronics support and online services for web-based fault management and preventive maintenance. Drive Technologies provides its customers with energy-efficiency, productivity and reliability in industries as diverse as clean and renewable energy, transportation, oil and gas, utilities, metals and mining, machinery manufacturing and machine tools. With nearly 36,000 employees worldwide, the Drive Technologies Division posted worldwide revenues of $9.5 billion in fiscal year 2010. www.usa.siemens.com/drives