EIG, an institutional investor in the global energy and infrastructure sectors, announced that Joe Kaeser, former President and CEO of Siemens AG (Siemens), has joined EIG as Senior Advisor. Mr. Kaeser will provide strategic counsel to the firm’s leadership team on matters related to energy markets, with emphasis on power, renewables and the energy transition.
What does Kaeser bring to EIG in the role?
Mr. Kaeser served as President and CEO of Siemens from 2013 until 2021 and as CFO from 2006-13. During his tenure, Mr. Kaeser oversaw significant growth and transformation, leading the company through major strategic initiatives, including the reorganization of the conglomerate structure of Siemens into three focused firms: Siemens Healthineers, Siemens Energy and the new industrial Siemens AG, creating significant value for all stakeholders.
He is a non-executive Chairman of the Board of Siemens Energy AG, which offers solutions for the generation, transmission and distribution of power. He also acts as non-executive Chairman of the Board of Daimler Truck Holding AG and serves on the Board of Linde, PLC.
“I’m excited to join EIG at this crucial moment in the industry, which presents significant investment opportunity across the energy and infrastructure sectors,” said Mr. Kaeser.
“EIG’s expertise and track record, combined with its disciplined approach to investing in the energy transition, is second-to-none. I look forward to applying my experience and global network to help the team identify and pursue opportunities that drive growth and create value for EIG’s investors and portfolio companies across the globe,” Mr. Kaeser added.
What does the appointment mean for EIG?
“We are thrilled to welcome Joe to the EIG team. His extensive global experience and deep industry knowledge, gathered over a long and distinguished career, will be invaluable to our firm and our portfolio companies as they navigate a complex and fast-changing global energy ecosystem,” commented Blair Thomas, Chairman and Chief Executive Officer of EIG.
“We look forward to his contributions as we continue to pursue new investment opportunities supporting the energy transition and to deliver exceptional results for our investors,” he said.
