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At the virtual Annual General Meeting of Siemens Energy AG, shareholders approved all agenda items by a large majority. At its peak, more than 1,074 people followed the webcast of the meeting, with 59.92 percent of the voting shares represented.
The actions of the Management Board for the fiscal year 2024 were approved with over 99 percent of the votes. The fiscal year closed with a net income of EUR 1.3 billion, marking the first profit recorded. In contrast, a net loss of EUR 4.6 billion had been recorded in the 2023 fiscal year.
The Supervisory Board was formally discharged with an approval ratio exceeding 99 percent. In the scheduled elections to the Supervisory Board, held after four years on the capital side, all candidates standing for election were confirmed by the Annual General Meeting—the exact voting results were made available on the Siemens Energy website.
At the subsequent constituent meeting of the Supervisory Board, Joe Kaeser was unanimously elected as its Chairman. Dr. Hubert Lienhard was also unanimously elected as Lead Independent Director, whose powers had been significantly strengthened by a resolution of the Supervisory Board on December 11, 2024. The Lead Independent Director became a permanent member of the Presiding Committee and the Nomination Committee, as well as the Chairman of the Remuneration Committee. Leading up to the Annual General Meeting, some investors had expressed concerns regarding the independence of the Chairman of the Supervisory Board, although he had never served as CEO of Siemens Energy AG and had left the former parent company, Siemens AG, more than four years prior. The appointment and additional responsibilities of the Lead Independent Director further strengthened the company’s corporate governance.
Anja-Isabel Dotzenrath, an independent management consultant specializing in the energy sector and decarbonization of industry, and Dr. Feiyu Xu, Managing Director of Amber Iris AI Consulting GmbH, were newly elected to the Supervisory Board to strengthen the company’s focus on artificial intelligence. Ms. Dotzenrath received 99.77 percent of the votes, while Ms. Xu received 98.16 percent. Dr. Christine Maria Bortenlänger and Hildegard Müller left the Supervisory Board as planned.
Joe Kaeser, Chairman of the Supervisory Board and Chairman of the Annual General Meeting, emphasized: “The Annual General Meeting demonstrated that our shareholders are convinced of Siemens Energy’s operational strength and strategic direction. The confidence in the Managing Board, under Christian Bruch’s leadership, has been reaffirmed. The structure of the Lead Independent Director function is unique in the German DAX and sends a clear signal for strengthening corporate governance in Germany. I look forward to working with the newly elected Supervisory Board and extend my gratitude to Christine Bortenlänger and Hildegard Müller for their valuable contributions over the past four years.”
The next Annual General Meeting of Siemens Energy AG is scheduled to take place on February 26, 2026, as an in-person event in Berlin.
