(CercleFinance.com) – Siemens announces the appointment, effective January 1, 2023, of Michael Reichle as Director (CEO) of Siemens Portfolio Company Large Drives Applications (LDA), succeeding Hermann Kleinod.
This entity offers drive systems optimized for a wide range of industries and applications.
After joining Siemens in 1997, Michael Reichle held various management positions, including leading Siemens Logistics since 2014.
Siemens also specifies that Michael Reichle will soon take the direction of a new entity which will see the light of day shortly. Siemens had indeed announced in mid-November the coming consolidation of its Large Drives Applications, Low Voltage Motors, Geared Motors, Weiss Spindeltechnologie and Sykatec business units ‘under one roof’.
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