Management & Corporate Structure

Klaus P. Stegemann

Chief Financial Officer Siemens Corporation
Cluster CFO, Siemens USA

Klaus P. Stegemann, 53, was named Chief Financial Officer of Siemens Corporation in June 2009—a position he previously held from 2002 to 2005.  He additionally serves as Cluster CFO for Siemens USA and coordinates CFOs throughout the Western Hemisphere, including the Clusters of Brazil, Canada, Meso-America and Austral-Andina.

Prior to returning to the United States, he served from 2005 to 2008 as CFO of Siemens Medical Solutions/Siemens’ Healthcare Sector in Erlangen, Germany, where he oversaw all financial matters for this nearly $15 billion business with 48,000 employees worldwide.

In 2004, while previously serving as CFO of Siemens Corporation in New York, he also assumed responsibility for coaching Siemens’ CIO Americas organization, signaling information management’s importance as a key driver for business success.

Prior to joining Siemens Corporation, he was the CFO since 1999 of the worldwide Angiography, Fluoroscopy and Radiographic Systems Business of Siemens AG Medical Solutions (Forcheim, Germany), where he applied the financial strategies and tools that ultimately turned the business around in less than two years.

Klaus has had an exceptional 36-year career in financial operations at Siemens, both in the U.S. and in Germany.  He has taken on a variety of important global challenges, in each case making a major contribution to Siemens’ business performance.

Before he joined Siemens Medical, Klaus cultivated a unique array of business unit experience in the U.S. and Germany, including projects at the Company’s Transportation Systems, Automation & Drives, Power Generation, Industrial Solutions & Services Groups, and at the Siemens AG Corporate headquarters, where he helped solve the tough business challenges associated with restructuring, integration and profitability.

A fisherman who also enjoys hiking, traveling and art, Klaus resides in New York City with his wife. They have one daughter.

Ken Cornelius

President and CEO, Siemens One
A Division of Siemens Corporation

Ken Cornelius leads the Siemens One division of Siemens Corporation.  In this role, Cornelius helps Siemens develop business opportunities that involve multiple Siemens business units focused in the key areas of Energy, Industry and Healthcare.  By leveraging the breadth of Siemens portfolio of companies, innovations and global financial strength, the Siemens One team provides customers with tailored solutions that improve their performance and bolster their competitive position in the marketplace.

Siemens One clients represent a broad mix of industry sectors including healthcare, airport, pharmaceutical, data centers, transportation, construction as well as U.S. Federal Government initiatives.

Ken began his Siemens career as a sales representative in 1977 and has held numerous sales, marketing and senior management positions; most recently Vice President of Sales for Siemens Energy & Automation, Inc. He was named to his current position in 2001.

Cornelius currently serves on the board of directors with the Metro-Atlanta Chamber of Commerce and the Georgia Chamber of Commerce. As Chairman of the Metro Atlanta Global Commerce Council, Ken works to increase the number of international companies locating to the metro Atlanta area to increase job growth and investments. Cornelius was appointed by Governor Sonny Purdue to the Board of Governors of the Geo. L. Smith, II Georgia World Congress Center Authority.

As the Siemens City Ambassador for Atlanta, he regularly meets with leaders in the civic, governmental and non-profit sectors and has been featured in USA Today, CNBC’s Morning Call and Time Magazine as well as Georgia Public Broadcasting’s Georgia Business and the Knowledge@Emory interview series.  He and his wife have two daughters and reside in Alpharetta, Georgia.

Mike Panigel

Senior Vice President, Human Resources Siemens Corporation

As Senior Vice President of Human Resources, Mike Panigel is responsible for the strategic direction, design and governance of human resources policies and practices for Siemens U.S and the Americas. Mike also serves on the Corporate Human Resources Leadership Board responsible for setting global HR Strategy and Policy.

Previously, Mike served as Vice President, Human Resources of Siemens Medical Solutions based in Malvern, Pennsylvania. He led the integration of significant healthcare businesses acquired during the last several years and played a key role in designing and implementing a coordinated human resource strategy across Siemens Medical’s six divisions and 12,700 employees located throughout the U.S.

Prior to his assignment with Siemens Medical, Mike served as Vice President, Global Compensation & Benefits at Siemens AG in Munich. Before moving to Siemens’ headquarters in Munich, Mike led the human resources function in a number of different regions, including South Africa and 14 other neighboring countries earlier in his career.

Mike has a degree in Industrial Psychology from the University of Pretoria and postgraduate qualifications in Labor Law and General Management from the University of South Africa.

E. Robert Lupone

Senior Vice President, General Counsel and SecretarySiemens Corporation

E. Robert Lupone, 48, became Vice President and General Counsel of Siemens Corporation in 1999 and was promoted to Senior Vice President in 2000.

Bob is responsible for the legal and compliance functions of Siemens USA.  He manages the Siemens U.S. Legal Department, which provides a broad array of U.S. legal services to Siemens management and Siemens operating groups in areas including litigation, M&A, corporate law, commercial and finance law, compliance and regulatory matters, technology licensing, employment/ benefits, and real estate/ environmental matters.

Since 1992, Bob has held other positions in the Siemens U.S. Legal Department, including Senior Counsel, Corporate Transactions and General Counsel, Siemens Medical.

Prior to joining Siemens, Bob was Vice President and General Counsel of Price Communications Corporation (AMEX) and before that he was an M&A/securities/corporate lawyer at the New York law firms of Fried, Frank, Harris Shriver & Jacobson and Rogers & Wells.

He is a member of the Association of the Bar of the City of New York; American Corporate Counsel Association; American Bar Association – Sections of Business Law, International Law, Law Department Management and Committee of Corporate General Counsel; and Corporate Executive Board – General Counsel Roundtable. He is also on the Board of Advisors of the Georgetown Law Corporate Counsel Institute, and serves as a Director of the Brown University Club of Fairfield County.

Bob is a graduate of Brown University and Georgetown Law School, where he served on the Editorial Board of The Tax Lawyer.

Jim Whaley

VP Corporation Communications and Marketing Siemens Corporation, President Siemens Foundation

Description of current responsibility
- VP, Corporate Communications and Marketing, Siemens Corporation; President, Siemens Foundation
- Responsible for developing communications strategy for Siemens in the U.S. as well as leading the branding, advertising and marketing efforts
- Current responsibility since: March 2009

Professional experience
- Jim Whaley was appointed President of the Siemens Foundation in June 2006. He has overseen the Foundation’s management since joining as Vice President in October 2004.
- Under Mr. Whaley’s tenure as President, the Foundation developed The Siemens We Can Change The World Challenge in partnership with The Discovery Channel and the National Science Teacher Association. This innovative program will focus on educating and engaging students, teachers and communities across the nation in exploring solutions for a more "green" environment built on sustainability practices.
- The Foundation also expanded its Siemens Awards for Advanced Placement program to all fifty states, recognizing students, teachers and schools for exceptional achievement in AP math and science courses nationally.
- It launched the Siemens Teacher Scholarship which awards college scholarships to encourage minority students at Historically Black Colleges and Universities to pursue teaching careers in science and math.
- Mr. Whaley also initiated Siemens Science Day, a national program created to captivate young students’ interest in math, science and technology.
- Prior to joining Siemens, Mr. Whaley was Director of Communications at the United States Military Academy at West Point.  In that position, he executed an innovative communications plan in celebration of West Point’s 200th anniversary.  This plan resulted in 24 books, eight network television documentaries, and won the 2003 Public Relations Society of America Award of Excellence and the 2003 PR Week Public Campaign of the Year.

Education
- MBA, Embry Riddle Aeronautical University, Frankfurt, Germany, 1989
- BA, Journalism, Lock Haven University, 1984

Additional Information (private interests, family, etc.)
- Mr. Whaley retired after 20 years in the US Army where he received the Legion of Merit, Meritorious Service Medal, Humanitarian Service Medal, Master Aviator Badge and numerous other awards during his career.
- Mr. Whaley serves on the Board of Directors of American Heart Association, Thurgood Marshall College Fund, and the U.S. Chamber of Commerce Institute for a Competitive Workforce.

Peter Y. Solmssen