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Siemens Healthcare chief Reinhardt resigning over widening bribery probe |
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| Erich R. Reinhardt, PhD, president, CEO of Siemens Medical Solutions. Source: Siemens Medical Solutions |
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Erich Reinhardt, CEO of Siemens Healthcare, will resign effective April
30, in conjunction with compliance violations within Siemens’ medical
group.
Reinhardt, 61, was not personally involved in the alleged corruption, according to Siemens’ officials.
In a company announcement issued today, the resignation follows new
findings from U.S. law firm, Debevoise & Plimpton, hired to
investigate the former medical group, which was led by Reinhard since
1994. The firm uncovered compliance violations by employees; however,
the company did not further elaborate on the specifics of those
findings. Corporate-wide, approximately $2 billion between fiscal 2000
and 2006 is under investigation, with about $70 million in question within the
medical division, according to Bloomberg.
The bribery scandal has plagued Siemens for 18 months, and Reinhardt is
the senior-most casualty of the probe since the departure of CEO Klaus
Kleinfeld last year.
Jim Reid-Anderson, 49, former CEO of the diagnostic division for
Siemens Healthcare, will take over Reinhardt’s post. Reinhardt will
remain with Siemens as a consultant.
“I have the greatest respect for the clear decision made by Professor
Reinhardt, whom I have known for many years and think of highly,"
Siemens CEO Peter Loescher said in a statement. "Once again, he is
showing his exemplary sense of responsibility and leadership."
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