Adil Toubia appointed CEO of the Siemens Oil & Gas Division

Effective February 1, 2012, Adil Toubia will become CEO of the Oil & Gas Division of Siemens Energy. He succeeds Tom Blades, who has been appointed as a member of the Managing Board of Linde AG. Adil Toubia brings three decades of experience in this branch of industry and was most recently a partner in Energy Capital Group, a private equity investment firm in the oil and gas industry. Prior to that, he held executive positions at GCC Energy Fund and Schlumberger. "We're pleased to have secured a recognized leader with international experience in the oil and gas industry as CEO of our Oil & Gas Division," said Michael Suess, member of the Managing Board of Siemens AG and CEO of the Energy Sector.