Wednesday, April 25, 2007

Siemens CEO resigns, leadership vacuum grows

(Reuters) - Kleinfeld said he was unwilling to tolerate further uncertainty about his and the company's future after divisions among Siemens board members about whether to renew his contract became public in the last few days.

"In times like these, the company needs clarity about its leadership. I have therefore decided not to make myself available for an extension of my contract," Kleinfeld said in a statement. "The company must have complete freedom of action."


Read more at Reuters.com Business News

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