EIG Hires Joe Kaeser Former Siemens AG CEO as Senior Advisor

Category: Energy
Posted Apr 18, 2023 10:34 (GMT +7)


EIG, a leading institutional investor in the global energy and infrastructure sectors, today announced that Joe Kaeser, former President and Chief Executive Officer of Siemens AG (“Siemens”), has joined EIG as Senior Advisor. In this role, Mr. Kaeser will provide strategic counsel to the firm's leadership team on matters related to global energy markets, with an emphasis on power, renewables and the energy transition.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230417005037/en/

(Photo: Business Wire)

(Photo: Business Wire)

Mr. Kaeser served as President and CEO of Siemens from 2013 until 2021 and as CFO from 2006 until 2013. During his tenure at Siemens, Mr. Kaeser oversaw significant growth and transformation, leading the company through major strategic initiatives, including the reorganization of the conglomerate structure of Siemens into three focused companies: Siemens Healthineers, Siemens Energy and the new industrial Siemens AG, creating significant value for all stakeholders. Mr. Kaeser currently serves as non-executive Chairman of the Board of Siemens Energy AG, which provides products, solutions and services for the generation, transmission and distribution of power. He also acts as non-executive Chairman of the Board of Daimler Truck Holding AG and serves on the Board of Linde, PLC.

"We are thrilled to welcome Joe to the EIG team," said Blair Thomas, Chairman and CEO of EIG. "His extensive global experience and deep industry knowledge, gathered over a long and distinguished career, will be invaluable to our firm and our portfolio companies as they navigate a complex and fast-changing global energy ecosystem. We look forward to his contributions as we continue to pursue new investment opportunities supporting the energy transition and to deliver exceptional results for our investors."

"I'm excited to join EIG at this crucial moment in the energy industry, which presents significant investment opportunity across the energy and infrastructure sectors,” said Mr. Kaeser. “EIG's expertise and track record, combined with its disciplined approach to investing in the energy transition, is second-to-none. I look forward to applying my experience and global network to help the team identify and pursue opportunities that drive growth and create value for EIG's investors and portfolio companies across the globe."

About EIG

EIG is a leading institutional investor in the global energy and infrastructure sectors with $22.7 billion under management as of December 31, 2022. EIG specializes in private investments in energy and energy-related infrastructure on a global basis. During its 40-year history, EIG has committed $44.6 billion in 396 projects or companies in 42 countries on six continents. EIG’s clients include many of the leading pension plans, insurance companies, endowments, foundations and sovereign wealth funds in the U.S., Asia and Europe. EIG is headquartered in Washington, D.C. with offices in Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul. For additional information, please visit EIG’s website at www.eigpartners.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230417005037/en/


FGS Global
Kelly Kimberly / Brandon Messina
+1 212-687-8080

Distribute your news release with us

  • Print

    unique advertising solution

    Our media lists include news desks at all leading Thai and English-language dailies.

  • Radio & TV

    reliable platform

    We deliver your news to leading Thai radio stations and TV channels.

  • Internet Sites

    cloud computing

    All releases are submitted to Internet news sites, including several with guaranteed pickup.

Our Self-Serve News Release Couldn't Be Simpler

Our streamlined online process makes it simple and fast to submit your news to the Thai media. Once registered, just enter or copy your text into our submission form and you'll see an instant preview with our fee based on the word count, translation, and any attached image. To confirm submission, hit Enter to be taken to our payment processor. Once payment is approved, your release passes automatically to our news desk for translation and dissemination by our skilled and experienced team. You'll be kept informed at each step of the process.

Do NOT follow this link or you will be banned from the site!