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Former Mercedes head Cordes possible candidate to replace Siemens' CEO

From abcmoney.co.uk | April 30,2007

The search for a possible replacement for Siemens AG's outgoing chief executive Klaus Kleinfeld has widened to include Eckhard Cordes, the current chairman of Metro Vermoegensverwaltung and the former CEO of Mercedes Car Group, reported the Frankfurter Allgemeine Sonntagszeitung without citing sources.

The report said that after Linde AG's CEO Wolfgang Reitzle turned down an offer for the position, Cordes' name was added to a group of possible candidates.

The electronics firm is also considering looking for candidates from abroad, the report added.

According to the newspaper, Siemens chief finance officer Joe Kaeser, who has been mentioned as a possible candidate, is unlikely to take the position.

Kaeser denied having ambitions to head the electronics giant, telling the newspaper that he is completely satisfied with his current position.

A separate report in Focus magazine said there are currently five possible candidates to replace Kleinfeld, including Linde's CEO Wolfgang Reitzle.

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