Peter, Soussan to head Siemens Mobility Division

Sabrina Soussan and Michael Peter were appointed to succeed Jochen Eickholt as head of Siemens' Mobility Division, effective Oct. 1. Eickholt has been appointed integration manager for the announced merger of Siemens' and Alstom's mobility businesses, effective the same date.

In addition to heading the Mobility Division, Soussan will remain CEO of its Mainline Transport and Urban Transport Business Units. In this capacity, she will continue to be responsible for the division's businesses in the areas of high-speed trains, commuter and regional trains, locomotives, metro systems, and tram and light rail systems, and will now also head its service business, in addition. Over the last 20 years, Soussan has held a variety of positions at Siemens in Germany, France, Japan, the UK, and Switzerland.

Peter will also continue to serve as CEO of the Mobility Management Business Unit in addition to heading the Mobility Division. Additionally to his current responsibility for rail automation and traffic management systems, he will now head the company's turnkey solutions and rail electrification businesses.

"Sabrina Soussan and Michael Peter have all the qualifications needed to successfully head the Mobility Division until its merger with Alstom. Soussan has put Siemens' high-speed and local and regional train businesses back on track, while Mr. Peter has very successfully managed our Mobility Management Business Unit, the uncontested technology leader in rail automation. Together, they'll drive our mobility business and further enhance its performance," said Roland Busch, member of the Managing Board of Siemens AG. "I'd also like to thank Jochen Eickholt for his successful work as CEO of the Mobility Division and wish him every success in the important task of merging the businesses of Siemens Mobility and Alstom."

Siemens' Mobility Division offers innovative solutions for rail and road transportation and for networked mobility worldwide. In fiscal 2016, the division's roughly 27,000 employees generated revenue of approximately $9.1 billion with a profit margin of 8.7%. On Sept. 27, Siemens and Alstom jointly announced the integration of their mobility businesses in a merger of equals. Closing is expected by the end of 2018, subject to regulatory approval.