Meixner Named CEO of Siemens’ Power and Gas Division

Willi Meixner has become CEO of Siemens’ Power and Gas Division, succeeding Roland Fischer at his own request. Meixner has been serving as CEO of the Distributed Generation and Compressors business unit, and was responsible for service business for compressors, steam turbines and small gas turbines used primarily in the oil and gas industry. He has worked for more than 20 years in various positions in the power generation industry and holds a degree in mechanical engineering as well as an MBA from the European School of Management and Technologies in Berlin.

“With his strong focus on our customers and his experience in leading and in the industry, Willi Meixner is certainly the right person to lead the Power and Gas Division through the challenging market of today and to strengthen our competitiveness for tomorrow,” says Lisa Davis, member of the managing board of Siemens AG.

Products and solutions from the Power and Gas Division range from gas and steam turbines and generators of all sizes up to turnkey power plants. The division is also home to the business for compressors and aeroderivative gas turbines acquired from Rolls-Royce in December 2014. In the past fiscal year (up to September 30, 2014), the Power and Gas Division achieved revenues on a proforma basis of EUR 12.7 billion and profits of EUR 2.2 billion. New orders received amounted to EUR 14 billion.