Siemens India Appoints New Board of Directors

Siemens Energy India has appointed a new board of directors as the company transitions into an independent entity following its demerger from the German conglomerate Siemens Limited, the company said in a press statement.

Sunil Mathur, managing director and chief executive officer of Siemens Limited, has been named chairman of Siemens Energy India. Guilherme Mendonca, who previously headed Siemens Limited’s energy business, takes over as managing director and chief executive officer, while Harish Shekar, former finance head of the same unit, assumes the role of executive director and chief financial officer.

The board also includes independent directors Ketan Dalal, founder of tax structuring firm Katalyst Advisors; Subodh Kumar Jaiswal, a retired Indian Police Service (IPS) officer; and Swati Salgaocar, director at Vimson Group, according to the statement. Non-executive non-independent directors include Karl-Heinz Seibert, Juergen Wagner and Tim Holt, all of Siemens AG.