Siemens names new CEO of oil and gas arm
Mr Blades has held managerial posts in various companies in the oil and gas business previously. He succeeds Frank Stieler, who successfully developed this business at Siemens since 2001. Mr Stieler is taking up a new post as board member at Hochtief, a construction company. Wolfgang Dehen, CEO of the energy sector division of Siemens, said: "It is a pleasure to welcome such an experienced person to the management team. Thanks to his background, he can promote further expansion of our oil and gas business."