Management & Corporate Structure

Gerard A. Halpin, III

President and Chief Executive Officer, Siemens Capital Company LLC

Gerard A. Halpin, III joined Siemens Capital Company LLC (Iselin, NJ) on October 1, 2007 as its President and Chief Executive Officer. Prior to assuming his new position at Siemens Capital, Gerry was the Vice President and Treasurer of Siemens Corporation (New York, NY) since January 2001. In these roles, he is responsible for implementing treasury strategy for all Siemens companies in the Americas. In addition, he is responsible for cash management, bank relations, debt issuance, risk management – foreign exchange and interest rates – (including proprietary trading), pension/savings plan investments and the capital structure. He also serves as the liaison between the Central Finance teams at Siemens AG, Siemens Financial Services, and the Siemens’ U.S. Operating Companies.

Prior to Siemens, Gerry was Vice President and Treasurer at Stone & Webster, Inc., where he had responsibility for all debt, equity and capital structure transactions. He has also held treasury positions at PepsiCo, Inc., Macmillan, Inc. and General Electric Company. He began his career at Arthur Andersen & Co., where he was an external auditor.

Gerry graduated from The College of the Holy Cross in Worcester, Massachusetts, with a Bachelors of Arts degree in Economics. He also holds a Master’s degree in Business Administration from the Darden Graduate Business School at the University of Virginia.

Paul A. Camuti

President and Chief Executive Officer, Siemens Corporate Research

Paul Camuti is President and Chief Executive Officer of Siemens Corporate Research, Inc. (SCR). Paul is also responsible for Siemens Technology to Business Center located in Berkeley, CA.

SCR is one of several Siemens Corporate Technology research and development centers worldwide. Since it was founded in 1977, it has helped pioneer a broad range of advancements in major industries, delivering innovations to the Siemens global family of operating companies as well as government agencies, academic institutions, and other organizations.  SCR has over 225 scientists and engineers focused on researching and developing emerging technologies in areas such as imaging and visualization, software engineering, decision science, and automation and control. Launched in 1999 as an SCR subsidiary, Siemens Technology-to-Business Center is chartered with discovering and launching emerging technologies into profitable businesses.

Before joining SCR Paul headed the Chemical & Pharmaceutical Industry business for Siemens Energy & Automation Inc. He was responsible for the sales, marketing and industry planning for Siemens industrial products and solutions targeting the chemical and life sciences markets in North America.

Paul Camuti has been with Siemens for more than ten years. From 1995-2002 he led the Process Automation Systems business and founded the Industrial Software business for Siemens Energy & Automation, Inc. headquartered in Princeton, N.J.  Mr. Camuti is a graduate of Lehigh University.

Keith T. Cheatham

Keith T. Cheatham was named President and CEO of Siemens Real Estate (SRE – US), effective October 1, 2004. Keith joined SRE-US in January 2003 as Executive Vice President & CFO during which time he successfully established the foundation for centralizing the management of Siemens’ US real estate portfolio to increase transparency and gain greater economies of scale.

SRE-US supports theUS Siemens Operating Companies with all aspects of their real estate issues (strategic planning, site selection, transaction management, lease administration, architectural & engineering services, construction, space planning & programming, signage & corporate design standards, facility management supervision & control, governmental incentive packages, bulk purchasing, benchmark analysis, due diligence and financial planning).

Keith joined Siemens Corporation in October 2000 as Vice President of Financial Audit with oversight responsibility for all of the Americas (US, Canada and LATAM). While Head of Financial Audit, Keith completed the staffing and development of The Americas Team with a focus on increasing the company’s financial competency in accordance with US GAAP. His accomplishments while in this role include management of the external audit resulting in reduced fees and increased reliance on the work of his team members, establishment of Audit Committees and Internal Audit Departments within all US Operating Companies and increased quality of Corporate Governance in terms of fraud and IT auditing, ethics and compliance.

Keith came to Siemens from Novartis Pharmaceuticals where since 1988 he held various positions of increasing responsibility. While Keith was employed with Novartis, he served as the Vice President of North American Internal Auditing where he established a revised organizational structure, scheduling flexibility, enhanced operational performance and entrenchment/application of leadership and teamwork principles in conducting assignments. He also implemented changes to audit programs, work papers and other auditing procedures to ensure application of best practice techniques that improved the quality and effectiveness of the audit process.

Prior to working at Novartis, Keith worked with CIBA Vision Corporation where from 1996 to 1998 he served as the Worldwide Group Controller. While functioning in this role Keith had responsibility for approval of capital projects and spending with direct reporting responsibility to the Worldwide CFO. Keith also managed ad-hoc reporting, business analysis, internal/external audits, and provided consolidated reporting to CIBA Vision’s Swiss Parent. He also reviewed contracts for legal and accounting issues, all capital appropriations and provided P&L analysis for all business entities.

Keith is a CPA and holds an MBA in Financial Management and a BBA in Certified Public Accounting from Pace University. Keith is married and resides with his wife and four children in New Castle, New York.

Gregory H. Au

President and Chief Executive Officer, Siemens Shared Services, LLC.

Gregory H. Au became President and CEO of Siemens Shared Services (SSL) in June 2005. He is responsible for the development and delivery of Shared Services in Accounting and Finance, Human Resources, Information Technology, and Procurement, Mobility and Logistics. His career combines leadership experiences in Finance and Shared Services in three global companies.  August 2007, he assumed responsibility for Global Shared Services activities in Latin America.

Before joining Siemens, Greg held Senior Finance roles and led Shared Services in Diageo PLC based in London. In Diageo, he established an international service center in Budapest, Hungary serving operations in over fifteen countries and designed and implemented global end-to-end business processes. In 2004, Diageo's Budapest center was named the Best New European Shared Service Center (European Shared Service Excellent Awards).

Previously, Greg worked at General Electric where he held Divisional CFO roles in GE's Power Systems, Aircraft Engines and Appliances businesses. In those roles, Greg was responsible for strategic planning, business forecasting, reporting, cash management and compliance. He started his GE career in the Financial Management Program (FMP) and was a Corporate Auditor.

Greg earned a Bachelor of Science in Accounting and a Master of Business Administration in Finance from the University of Kentucky. He is a Certified Public Accountant.

Stefan Heuser

President & Chief Executive Officer, Siemens Technology-To-Business Center

Stefan Heuser is president and chief executive officer of Siemens Technology-To-Business (TTB) Center in Berkeley, California, a subsidiary of Siemens Corporate Research that identifies and develops innovative technologies and converts them into new Siemens products or businesses or independent companies. Heuser was named to this position in 2004.

Prior to this role, Stefan served as chief financial officer for TTB and was responsible for strategy, performance measurement, project controlling, budgeting and managerial accounting. He was also actively involved in developing processes for start-up investments and spin-in projects, coached start-ups and developed relationships with selected venture capital companies and business angel organizations.

From 1997 to 2002, Stefan worked at Siemens Capital Corporation in New Jersey, Siemens' in-house bank for North America. He held the positions of vice president, Cash Management and senior vice president, co-managing the company.

Stefan began his career with Siemens in Corporate Finance in Munich, Germany holding several challenging positions of increasing responsibility. During this time, he was a consultant in the area of Cash Management and Treasury, and a member of the EURO Working Group at Siemens which was a vanguard of European companies in the implementation of the EURO. As Treasury consultant and Treasury System implementation manager, Stefan was part of the implementation team for Siemens' first global treasury system. He was responsible for the setup of this system at the treasury subsidiaries in New York (Siemens Capital Corporation) and Hong Kong (Siemens Finance Asia).

Stefan is a member of “The Angel Forum” (TAF) in Silicon Valley, California, and a member of Financial Executive International (FEI). He is also a board member of the German School of the East Bay (GSEB) in Oakland, California.

Stefan graduated in 1991 with a Master's Degree in Economics and Business Administration from the Ludwig-Maximillian University in Munich.

Dr. Ralf Schnell

President and Chief Executive Officer, Siemens Venture Capital, Inc.

Before joining Siemens Venture Capital as President and CEO, Ralf Schnell built up Infineon Technologies corporate venture capital activities since 1998 and was managing director of Infineon Ventures GmbH. Prior to joining Infineon Technologies in 1998, Ralf worked with Siemens AG for 11 years. In his last position, he was responsible for a corporate venture nurturing program and coordinated a Siemens-wide innovation initiative. Before that, he held various positions in microelectronics and software development in the corporate division Research and Technology as well as in the corporate department Corporate Technology.

He obtained his degree in physics from the Ludwig-Maximilians-University, Munich and his PhD in physics with research work in semiconductor surface physics at the synchrotron radiation laboratories in Hamburg and Berlin.

Siemens Venture Capital (SVC) is the 700 million euro corporate venture organization for Siemens AG, one of the largest global electronics and engineering companies, with reported worldwide sales of 87.3 billion euros in fiscal 2006. SVC's goal is to identify and fund investments in emerging and innovative technologies that will enhance the core business scope of Siemens, particularly in automation and control, medical solutions, information and communications, power, automotive technology and transportation systems, and lighting.

To date, SVC has invested some 700 million euros in well over 100 startup companies and 30 venture capital funds, mainly in the U.S., Europe and Israel, thus playing a key role in the global network of innovation. SVC is located in Germany (Munich), in the U.S. (San José, CA and Boston, MA), in China (Beijing and Shanghai), in India (Mumbai and Bangalore), and is active through Siemens´ regional unit in Israel. www.siemensventurecapital.com