Industrial group Siemens plans to abolish most chief titles for executives under its One Tech Company strategy program.
The reorganization affects leadership positions across the group. Insiders from industry circles told Handelsblatt that chief titles are to be largely abolished.
The move is part of the One Tech Company program. Reports indicate unrest within the company over the planned changes.
The information originates from Munich, where Siemens is headquartered.
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Börje Ekholm forlater stillingen som administrerende direktør i Ericsson 30. september etter nesten ti år. Han etterfølges av Per Narvinger, som har jobbet i selskapet siden 1997.