Siemens chief executive ousted over corruptions allegations


Siemens chief executive Klaus Kleinfield was forced to stand down yesterday as the company continues to suffer from allegations of corruption. His departure came despite the company announcing a 36% in profits to £885m for the first quarter of 2007.

Kleinfield’s departures come a week after chairman Heinrich von Pierer was forced to stand down over the allegations. There are two investigations into the company currently under way. One is into allegations that a fund was set up to channel bribes to foreign clients and the second inquiry is looking into claims that case was paid to employer-friendly workforce representatives.

Kleinfield told the Siemens supervisory board on April 25 that he would "no longer be available for a renewed contract" in October. He said in a statement: "In times like these, the company needs clarity about its leadership."

He has been chief executive of Siemens for two years and took over from von Pierer, who was chief executive at the time of the alleged bribery scandal.

Latest from Marketing Week


Access Marketing Week’s wealth of insight, analysis and opinion that will help you do your job better.

Register and receive the best content from the only UK title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work. The more we know about our visitors, the better and more relevant content we can provide for them. And, yes, knowing our audience better helps us find commercial partners too. Don't worry, we won't share your information with other parties, unless you give us permission to do so.

Register now


Our award winning editorial team (PPA Digital Brand of the Year) ask the big questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.


From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we are your guide.


Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Having problems?

Contact us on +44 (0)20 7292 3703 or email

If you are looking for our Jobs site, please click here