(Corrects sixth paragraph by removing erroneous statement that
no woman was on the management board of a blue-chip firm until
By Jens Hack
MUNICH Nov 21 Siemens AG's
procurement chief Barbara Kux looks set to leave the company in
2013, five years after becoming the German engineering
conglomerate's first female top manager.
Ranked fourth on Fortune's list of the 50 most powerful
women in business outside the United States for a third year
running, Kux previously worked at Philips, Ford,
ABB, Nestle and McKinsey.
But two people familiar with the matter told Reuters on
Wednesday that Siemens' supervisory board will not renew Kux's
contract. Siemens commonly decides whether to extend the
contracts of top managers about a year before they run out.
The news, flagged earlier by German daily Financial Times
Deutschland, comes as a surprise as procurement is expected to
play a major role in Chief Executive Peter Loescher's new 6
billion-euro ($7.7 billion) savings drive.
Kux came to Siemens from Philips in late 2008, a move that
had German newspapers proclaiming "the womanless age at Siemens
Corporate management is still heavily dominated by men in
Germany, Europe's largest economy. Today only 4 percent of top
German managers are female compared with an OECD average of 10
percent. Meanwhile, no more than 15 percent of German
supervisory board members are female.
Deutsche Lufthansa earlier this year became the
first German blue chip company to pick a woman as finance chief.
Deutsche Post and BMW have also appointed
women to their boards this year.
Only months before Kux's appointment Loescher had told a
newspaper he felt his company's top management was too German,
too white and too male for its own good.
(Writing by Maria Sheahan; Editing by Greg Mahlich)