Siemens Energy has extended the contract of CEO Christian Bruch ahead of schedule until 2030. Bruch, who has been leading the company since 2020, will thus remain with the corporation beyond his original contract term until April 2025. This decision underscores the supervisory board's confidence in his leadership abilities amidst the challenges the company has faced in recent years.

Christian Bruch has led Siemens Energy through turbulent times in his first term," said Joe Kaeser, Chairman of the Supervisory Board of Siemens Energy. "The complete takeover of the wind business, initially seen as an opportunity for greater transparency, turned out to be a fundamental challenge." However, Bruch succeeded in addressing the deep issues in the wind business and setting the company on a path to sustainable profits by 2026.

Under Bruch's leadership, Siemens Energy underwent a massive transformation, particularly through the integration of the wind power division, which faced significant operational and financial challenges. Despite these difficulties, Bruch succeeded in bringing stability to the business and outlining clear perspectives for the future.

The announcement of the contract extension was positively received by investors. In after-hours trading, Siemens Energy’s stock price rose by 1.54 percent to 33.52 euros.