Joe Kaeser had a good run at the helm of Siemens—but things have been far trickier since 2017. Has the time come for him to pass on the baton?
. The wiry 62-year-old is bursting with energy. He unabashedly tweets about his concern over the rise of the hard-right in Germany—and, more atypically still, considers such pronouncements to be part of his job as a captain of German industry., hypocrisy, double standards and far worse.
Some felt that at this point Siemens deserved a pause from the restructuring drive. Instead, Mr Kaeser accelerated it. He spun off the group’s remaining stake in Osram, a maker of light bulbs, sold its kitchen and washing-machine business to Bosch, another German engineering giant, and flogged its hearing-aids unit to, a Scandinavian private-equity firm.
With characteristic punchiness, Mr Kaeser blamed investor angst on geopolitics and macroeconomics. Fresh from a trip to China with Chancellor Angela Merkel, he is himself nervous about trade tensions between China and America. “A decoupling of economic systems and standards driven by a political agenda would be a nightmare,” he says, predicting it would set the world back by decades.
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