A total of 97.73 per cent of the capital present formally discharged CEO Christian Bruch for the past financial year 2023, which concluded with a net loss of EUR 4.6 billion. The discharge rate for Supervisory Board chairman Joe Kaeser was 96.97 per cent.
Joe Kaeser, Chairman of the Supervisory Board and Chairman of the Annual Shareholders' Meeting: "The 2024 Annual Shareholders' Meeting marked the end of a turbulent fiscal year. Siemens Energy’s encouraging successes were overshadowed by the material losses in the wind business. This was also clearly expressed in the dialogue with shareholders. The overall high approval rates for the individual items on the agenda are both a vote of confidence and a commitment that the Siemens Energy team will successfully shape the future of the company."
The appointment of two new members for the Supervisory Board was also approved: the experienced Supervisory Board member Simone Menne received 96.56 per cent of the votes. Prof. Dr Veronika Grimm, who will take over the Chair of Energy Systems and Market Design at Nuremberg Institute of Technology on 1 March 2024, was elected to the Supervisory Board with 76.43 per cent. The result was influenced by the fact that a single shareholder had voted against the appeal. Without this vote, the approval rate would have been 99.57 per cent.
In the run-up to the Annual General Meeting, there had been discussions about a potential conflict of interest, as Veronika Grimm is also a member of the German Council of Economic Experts (Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung). Renowned governance experts such as Prof. Christian Strenger are in favour of Veronika Grimm's choice and see no problem in the dual role.
Voting results, discharge of the Executive Board:
Maria Ferraro: 98.15%
Karim Amin: 98.16%
Tim Oliver Holt: 98.15%
Anne-Laure de Chammard: 98.17%
Vinod Philip: 98.16%
All other voting results are listed on the Siemens Energy website.
