Siemens boss says firm is too German, white and male
The Local · 25 Jun 2008, 10:15
Published: 25 Jun 2008 10:15 GMT+02:00
"The management board are all white males," the Austrian-born Siemens chief executive told the newspaper in an interview. “We’re too one-dimensional.”
Löscher said his priority this year would be to improve the group's "global diversity," after spending his first year trying to help it recover from a scandal sparked by widespread corruption. Failing to bring onboard top directors from countries like China and India would make Siemens less competitive.
"It’s not a question of quotas. But I would like to see a more diverse management board,” he told the FTD. “I’d like to see a really good Chinese running the China business and a really good Indian responsible for India."
Löscher said such diversity was crucial to Germany’s economic future: “It’s absolutely decisive. It’s what’s most important. If you don’t reflect your global customer base you can’t develop your complete potential. If you do it then you have a huge advantage.”