Siemens Energy AG (ENR.DE)

24.48 -0.12 (-0.49%) At close: 05:35PM CET

Siemens Energy AG

Otto-Hahn-Ring 6
Munich 81739
Germany
49 89 636 00
http://www.siemens-energy.com

Sector(s): Utilities
Industry: Utilities—Independent Power Producers
Full-time employees: 93,000

Key executives

Name	Title	Pay	Exercised	Year born
Dr. Christian Bruch	CEO, Pres & Member of Exec. Board	4.66M	N/A	1970
Ms. Maria Ferraro	CFO & Member of Exec. Board	724k	N/A	1973
Dr. Jochen Eickholt	Member of the Exec. Board	861k	N/A	1962
Mr. Tim Oliver Holt	Member of the Exec. Board	749k	N/A	1969
Mr. Michael Hagmann	Head of Investor Relations	N/A	N/A	N/A
Prof. Armin Schnettler	Exec. VP of New Energy	N/A	N/A	N/A
Ms. Nadja Haakansson	Managing Director for Africa	N/A	N/A	N/A

Amounts are as of 31 December 2020, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in EUR.

Description

Siemens Energy AG operates as an energy technology company worldwide. It operates in two segments, Gas and Power; and Siemens Gamesa Renewable Energy. The company provides gas and steam turbines, generators, gas engines, instrumentation and controls, and electrical systems, as well as performance enhancement, maintenance, customer training, and professional consulting services for central and distributed power generation; and power and distribution transformers, air and gas-insulated switchgears, circuit breakers, surge arresters, disconnectors, bushings, instrument transformers, coils, transmission systems, and digitalized products for power transmission. It also offers products, integrated systems, and solutions comprising rotating equipment, integrated drivetrain systems, electrification, automation, and digital solutions for on and offshore, marine, and fiber industries, as well as for oil and gas, and distributed generation applications, such as food and beverages, minerals and metals, industrial parks, and municipalities; and water treatment solutions. In addition, the company provides electrolyzer-based power-to-hydrogen systems and services; electrolyzer-based power-to-hydrogen and power-to-liquids solutions and services; electrolyzer-integrating energy system design; and power-to-X related digital services and optimization solutions. Further, it offers onshore wind turbine design, manufacturing, and installation solutions for onshore markets; offshore wind turbine equipment design, manufacturing, and installation solutions; and operation, management, and maintenance services for wind turbines. The company serves utilities, independent power producers, project developers, financial investors, oil and gas players, transmission and distribution system operators, and industrial and infrastructure customers. Siemens Energy AG was founded in 1866 and is based in Munich, Germany.

Corporate governance

Siemens Energy AG’s ISS governance QualityScore as of 1 June 2021 is 7. The pillar scores are Audit: 3; Board: 7; Shareholder rights: 9; Compensation: 2.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.