Check Key Details of the New Board of Directors for Siemens Energy India

Siemens Energy India, now a separate company from Siemens Ltd, announced its new board of directors on Tuesday. Sunil Mathur will be the chairman of this board. He is the Managing Director and CEO of Siemens. The board meeting on March 25 appointed him.

Key Leadership Changes

Guilherme Mendonca has taken over as the Managing Director and CEO of Siemens Energy India. He previously headed Siemens’ energy business. Harish Shekar is now the Executive Director and Chief Financial Officer. He was previously the finance head of Siemens’ energy business.

As of 12.18 PM, Siemens share price was up 0.057 % and was trading at ₹2.814.05.

Who Are Siemens Energy’s Independent Directors?

The board also appointed 3 independent directors. Ketan Dalal, founder of Katalyst Advisors, is one of them. Subodh Kumar Jaiswal, a retired IPS Officer, is another. Swati Salgaocar, Director of Vimson Group, also joins as an independent director.

Several non-executive non-independent directors have also been appointed. These include Karl-Heinz Seibert, Tim Holt, and Juergen Wagner from Siemens AG.

Ketan Thaker, who was a non-executive non-independent director, ceased to be a director. This became effective from April 1, 2025. He had been in the role since February 2024.

Demerger and Listing

The demerger of Siemens Energy India from Siemens Ltd became effective on March 25, 2025. The listing of Siemens Energy India Limited is expected to be completed within this year.

Conclusion

Siemens Energy India has established its new leadership team and board after the demerger. With experienced leaders and independent voices, the company is set to navigate its future as a separate entity, with its stock listing anticipated this year.

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