Siemens – dispute between Siemens and ex-subsidiary Osram threatens to escalate – Süddeutsche.de

• A Siemens representatives announced at the general meeting of the ex-subsidiary Osram, the company does not want to relieve their chief.
• The relationship between Siemens and Osram has long been considered tense, the present confrontation is an open fracture on the part of the former parent group.

Siemens seeks the open confrontation with the head of the former lighting subsidiary Osram. At the AGM in Munich Siemens representative requested on Tuesday a single vote for the approval of the Board. “We will vote against the discharge of Dr. Berlien” the representative announced. CFO Klaus Patzak, who is considered a close confidant of Siemens CEO Joe Kaeser, should however be relieved.

Siemens currently holds just under 18 percent of the lighting manufacturers, the majority of the group had in 2013 distributed to private shareholders , Osram Supervisory Board Chairman Peter Bauer announced to follow the Siemens application for individual tuning. The result will probably be determined during the course of the afternoon. The Siemens representatives criticized the poor capital market communication of Osram. Remarkably off is that is responsible for just this dossier in Osram CEO Klaus Patzak and not just Olaf Berlien, Siemens now does not want to relieve.

The Siemens Osram ratio has long been tense

the relationship between Siemens and the former subsidiary Osram is tense for some time. DC four Siemens CEO Kaeser had the performance of Osram share reprimanded after he lights specialist mid-November announced a new orientation. “I was not, of course, happy that the Osram-price crashed by nearly 30 percent,” Kaeser was, for example, in an interview with the Manager Magazine to log. And added: “We need to be clear, what was the intention Osram pursued once about it.”

criticism of Osram let the Siemens boss send a press release shortly before Christmas: “Siemens was and is a shareholder with the recent share price development of Osram not satisfied, “it said in the message. “The Siemens Managing Board was not informed in advance of Osram ad hoc communication of 10 November 2015, their content or time. The strategy pivot of Osram has taken Siemens and the market suddenly.”

The fact is, however, also that the Osram Board decided unanimously in November the strategy Panning, also the Siemens representatives in the Supervisory Osram, Roland Busch, had agreed. Now it comes thus to open breach between Siemens and Osram.