Siemens and Alstom signed business combination agreement and nominates board members
Highlights Business Combination Agreement signed Siemens Alstom’s future Board of Directors: Siemens Managing Board Member Roland Busch to be nominated as Chairman and Alstom Lead Director Yann Delabriere to be nominated as Vice-chairman S iemens and Alstom have set the next key milestone for a champion in mobility. They have entered today into a Business Combination Agreement (BCA) regarding the proposed combination of Siemens’ mobility business, including its rail traction drive business, with Alstom. This BCA follows the Memorandum of Understanding signed on 26 September 2017 and the conclusion of the required works council information and consultation process at Alstom regarding the proposed deal. The BCA sets forth the terms and conditions agreed upon by the two companies. Alstom CEO Henri Poupart-Lafarge, right, smiles to Siemens CEO Joe Kaeser Both Alstom and Siemens also announced today the proposed leadership for the future Board of Directors of Siemens...