Michael Hagmann to head Investor Relations at Siemens Energy

January 30, 2020
Munich

Effective February 1, 2020, Michael Hagmann (53) will be responsible for setting up Siemens Energy’s Investor Relations Department. He will report directly to Michael Sen, designated CEO of Siemens Energy. 

Michael Hagmann will be responsible for setting up Siemens Energy's Investor Relations Department.

Since the early 1990s, Michael Hagmann has been an equity analyst with a focus on international capital goods companies. For the past twenty years, he has led successful teams at companies such as UBS and HSBC in London. Hagmann completed studies in economics at Friedrich-Alexander-Universität in Erlangen-Nuremberg, Germany, and at Ludwig-Maximilians-Universität in Munich, Germany.

“Michael Hagmann’s expertise and many years of experience make him the ideal candidate for positioning Siemens Energy as an independent energy company on the capital market,” said Michael Sen, member of the Managing Board of Siemens AG and designated CEO of Siemens Energy.

“I’m very much looking forward to my new role as Head of Investor Relations at Siemens Energy. Siemens Energy’s diversified portfolio will enable us to address the challenges of climate change and to support the transition towards clean energy,” added Michael Hagmann.

By the end of September 2020, Siemens Energy is to be spun off as a publicly listed company. The company will address a significant portion of the value chain across the oil and gas, power generation and power transmission segments, including the related service activities.

Download Press Release

PDF Download
PDF (31 KB)

Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 170 years. The company is active around the globe, focusing on the areas of power generation and distribution, intelligent infrastructure for buildings and distributed energy systems, and automation and digitalization in the process and manufacturing industries. Through the separately managed company Siemens Mobility, a leading supplier of smart mobility solutions for rail and road transport, Siemens is shaping the world market for passenger and freight services. Due to its majority stakes in the publicly listed companies Siemens Healthineers AG and Siemens Gamesa Renewable Energy, Siemens is also a world-leading supplier of medical technology and digital healthcare services as well as environmentally friendly solutions for onshore and offshore wind power generation. In fiscal 2018, which ended on September 30, 2018, Siemens generated revenue of €83.0 billion and net income of €6.1 billion. At the end of September 2018, the company had around 379,000 employees worldwide. Further information is available on the Internet at www.siemens.com.