New Siemens CEO says played no role in his predecessor's ouster

FRANKFURT (Reuters) - Joe Kaeser, the new chief executive of German engineering group Siemens, told a newspaper he played no role in the ousting of his predecessor Peter Loescher. Loescher was dumped in a boardroom battle after the company issued its second profit warning of the year last week. Kaeser, previously finance chief at Siemens, became the company's new CEO on Thursday. "I worked very well with Mr. Loescher and was not involved in his replacement," German daily Nuernberger Nachrichten quoted Kaeser as saying in an excerpt of an interview to be published on Monday. ...

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