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Report: Siemens’ Supervisory Chair Wants Board Size Reduced

SiemensLogoGerhard Cromme, supervisory board chairman at Siemens, has told Germany-based Manager magazine that he wants to reduce the number of members on Siemens AG’s executive board.

According to Dow Jones Newswires, Cromme told the magazine the conglomerate’s management board will certainly be reduced over time.

He plans to discuss the issue with the supervisory board and Chief Executive Peter Loescher, according to the report.

The magazine noted that one management board member’s contract will end in November and two other members will probably leave when they reach age 60 in 2015.

Cromme is also supervisory board chairman of ThyssenKrupp AG, a Germany-based steelmaking and engineering company, which removed three board members last month.

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