Michael Peter will lead the company for another four years as Managing Director and CEO.

Karl Blaim will leave Siemens Mobility as of November 30, 2025, at his own request to pursue new professional challenges. Beatrice Bock will succeed him as CFO and Managing Director of Siemens Mobility. She is currently Chief Risk Officer for the Equity Finance Business Unit at Siemens Financial Services GmbH.

“By bringing Beatrice Bock on board, we are appointing a highly qualified leader from within our own ranks to take on these substantial responsibilities. Her extensive experience in financial strategy and risk management is invaluable, particularly in such a challenging economic environment. Together with Michael Peter, an outstanding CEO in the mobility business, she will continue Siemens Mobility’s ongoing strategic development and will further strengthen our position as a technology leader in the transportation industry,” said Roland Busch, President and CEO of Siemens AG and Chairman of the Supervisory Board of Siemens Mobility.

“On behalf of the Managing Board of Siemens AG, I would like to thank Karl Blaim for 40 years of service to Siemens, including many years in senior leadership roles at Siemens Mobility. With his personal commitment, he has contributed to the success of Siemens Mobility and has given our transportation business direction in difficult times.”

“It’s a great joy for me to take on responsibility for Siemens Mobility as CFO and Managing Director. This multifaceted and dynamic field of business is characterized by important infrastructure projects that are making rail transportation sustainable for future generations. A special thank you goes to Roland Busch and to the entire Siemens Managing Board for the trust they’ve placed in me. I’m looking forward to beginning Siemens Mobility’s next chapter together with Michael Peter,” said Beatrice Bock, future CFO and Managing Director of Siemens Mobility.