Horst J. Kayser will be the new Chairman of the Siemens Portfolio Companies (POC), effective January 1, 2020, the company announced in the press release.

In this capacity, he is succeeding Jochen Eickholt, who is becoming a member of the future Executive Board of Siemens Energy, where he will be responsible for the Power Generation and Oil & Gas units.

Kayser is currently still Head of Strategy at Siemens AG. Until further notice, he will continue to lead this department on an acting basis in addition to his new role.

As POC Chairman, Kayser will report directly to Deputy CEO Roland Busch.

Source: Siemens