Peter Löscher (born September 17, 1957 in Villach, Austria) is an Austrian manager and former President, Global Human Health at global pharmaceutical company Merck & Co. He was appointed Chief Executive Officer (CEO) of Siemens AG on May 20, 2007 as the successor of Klaus Kleinfeld, and was selected to take on the new position on July 1, 2007. He was the first top executive in the 160 year history of Siemens to be hired from outside the company.
Peter Löscher graduated from Gymnasium Villach/Austria in 1978 and got a master's degree at the Vienna University of Economics and Business Administration. Later he attended but did not obtain a degree from an MBA program at the Chinese University of Hong Kong and the Advanced Management Program (AMP) at Harvard University. In 2007 he received the Honorary Degree of "Doctor of Engineering" from Michigan State University.
From 1988 until 2000 he worked for the German pharmaceutical company Hoechst in Spain, Japan, Great Britain and the United States. After Hoechst merged with Rhone-Poulenc he stayed at Aventis until 2002. He then joined Amersham, which was taken over by General Electric. In 2006 he became a member of the executive board of the US pharmaceutical company Merck.
In July 2013, a disagreement appears between Peter Löscher, and the board of directors. According to Manager Magazin, he could be replaced before the end of his contract in 2017, by M. Russwurm and M. Kaeser.
As of July 31, 2013 he has been replaced by Joe Kaeser (Josef Käser). He is leaving Siemens September 30, 2013.
Peter Löscher speaks German, English, French, Spanish, and Japanese. He and his Spanish-born wife have four children .According to an interview in the New York Times, Löscher was the captain of the volleyball team at high school and college.
- Merck Announces Resignation of Peter Loescher, President, Global Human Health
- Spiegel Online, May 21, 2007 "Peter Löscher, an Outsider, Named New CEO"
- Patricia Laya (2 August 2011). "As Soon As You Believe That You Are On Top Of The Game, You Probably Have Lost It". Business Insider.
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|CEO of Siemens
2007 – 31 July 2013