Siemens appoints finance chief Kaeser as CEO

23, 2013 file picture Peter Loescher, CEO of German industrial conglomerate Siemens, listens questions of journalists during a news conference prior to the annual shareholder meeting in Munich, southern Germany. Siemens has appointed finance chief Joe Kaeser as its new chief executive, handing a manager with over 30 years’ experience at the industrial conglomerate the task of improving its fortunes after missed profit targets led to the departure of predecessor Peter Loescher. Siemens AG said Wednesday, July 31, 2013 its supervisory board unanimously chose the 56-year-old Kaeser. It said a new chief financial officer will be appointed “in due course.” (AP Photo/Matthias Schrader, file) Sponsored Links The Associated Press BERLIN Siemens appointed finance chief Joe Kaeser as its new chief executive on Wednesday, handing a manager with over 30 years’ experience at the industrial conglomerate the task of improving its fortunes after missed profit targets led to the departure of predecessor Peter Loescher. Siemens AG said its supervisory board unanimously chose the 56-year-old Kaeser, who will take office Thursday.

Finance moots 49% multi-brand retail FDI by automatic route

The anticipated results of such a warming level will pose unprecedented challenges to humanity. While no nation will be immune to the impacts of climate change, the distribution of impacts will likely be unequally tilted against many of the worlds poorest regions that lack the economic, institutional and technical capacity to adapt to the repercussions of the climate change. Some of the challenges to humanity will include the rise of sea-level to 15% and 20% in the tropics; increases in tropical cyclone intensity felt in low-latitude regions; and increasing aridity and drought in many developing country regions located in the tropical. Thus the level of impacts that developing countries and the rest of the world experience will be a result of government, private sector, and civil society decisions and choices, including, unfortunately, inaction, summarized in the report. Forbes Asia attended the Global Green Growth Summit in Songdo, Incheon, an annual event focused on Green Growth, to find out more about the future of green growth: finance, innovation and policy.

Wielding Finance, Innovation And Policy To Make An Impact In Climate Change

Last September, the government permitted foreign supermarkets in India by allowing up to 51 per cent FDI, subject to government approval. The cabinet is set to review FDI norms in multi-brand retail on Thursday. On July 24, commenting on the cabinet note moved by the Department of Industrial Policy & Promotion (DIPP), the finance ministry proposed that FDI up to 49 per cent is allowed on automatic route. The DIPP has declined to tweak the cabinet proposal saying this was not on the agenda of the July 16 meeting chaired by the Prime Minister, at which fresh FDI limits were decided. It was also not part of the suggestions put forward by the Arvind Mayaram committee.

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