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Andy Mattes Named President and CEO of Siemens Information and Communication Networks USA

Posted on: Tuesday, 9 March 2004, 06:00 CST

BOCA RATON, Fla., March 9 /PRNewswire-FirstCall/ -- Siemens AG today named Andy Mattes president and CEO of Siemens Information and Communication Networks, Inc. (ICN), the U.S. arm of the fixed-line networks business. Effective May 1, 2004, Mattes will succeed George C. Nolen, who became president and CEO of Siemens Corporation in the U.S. in January 2004.

(Logo: http://www.newscom.com/cgi-bin/prnh/20021029/SILOGO )

Since January 2001, Mattes has served on the Group Board of Siemens Information and Communication Networks, the global governing board of the fixed-line networks group. He will perform his new duties from the unit's U.S. headquarters in Boca Raton, Fla., while remaining on the ICN Group Board and retaining his responsibility for the worldwide business of the Enterprise Networks division. This decision underscores the importance of expanding ICN's business and market share in the United States.

As head of Siemens Information and Communication Networks, Inc., Mattes is charged with continuing the drive for profitability and growth in the U.S. market. In fiscal year 2003, ended Sept. 30, 2003, Siemens ICN USA posted sales of $1.3 billion; globally in fiscal year 2003, Siemens ICN posted sales of $7.7 billion. Siemens ICN returned to profitability globally and in the United States in the fourth quarter of fiscal year 2003.

Thomas Ganswindt, president and CEO of ICN globally, said: "Andy Mattes is the right man for one of the most important and challenging jobs at Siemens. In leading our telecommunications business in the most innovative market in the world, he will draw upon nearly 20 years of valuable experience in key roles within Siemens ICN."

"Over the last year, our success in the U.S. market has proven to be a key element of our worldwide turnaround in the fixed-line network space," said Mattes. "Even through the downturn in the telecommunications sector, we continued to invest aggressively in innovative solutions, and this has given us a distinct competitive advantage in the U.S. marketplace."

Mattes played a key role in developing ICN's LifeWorks vision, which addresses the new landscape of business and personal communications by integrating home, business and carrier networks as well as wired and wireless networks. On the ICN Group Board, he will have responsibility for coordinating all activities in this area and for driving forward the process of turning this concept into international market success.

Mattes joined Siemens in 1985 and has held a variety of sales and management positions. From 1999 to 2000, Mattes served as president of the Enterprise Networks division at Siemens ICN and was responsible for driving the global product development, strategy and vision for the HiPath(TM) product family. From 1997 through 1998, Mattes was responsible for international sales at Siemens Private Communications Networks. From 1987 to 1991, Mattes held a number of management posts in the United States. Born in 1961, Mattes holds a degree in business from the Ludwig-Maximilians University in Munich, Germany.

About Siemens

Siemens AG is a leading global electronics and engineering company with reported worldwide sales of $80.5 billion in fiscal 2003. With its U.S. corporate headquarters in New York City, Siemens in the USA has sales of $16.6 billion and employs 65,000 people throughout all 50 states and Puerto Rico. Eleven of Siemens' worldwide businesses are based in the United States. With its global headquarters in Munich, Siemens AG and its subsidiaries employ 417,000 people in 192 countries. For more information on Siemens in the United States: http://www.usa.siemens.com/.

About Siemens Information and Communication Networks Group

Siemens Information and Communication Networks Group is a leading provider of network and applications technology for enterprises, carriers and service providers. ICN's product strategy is focused on next-generation switching, next-generation access, and next-generation optics. ICN's flagship brands are HiPath for enterprises, SURPASS for carriers, and SpeedStream for business and residential broadband customer premise equipment.

NOTE: HiPath is a trademark of Siemens AG. All other company, brand, product, and service names are trademarks or registered trademarks of their respective holders.

This release contains forward-looking statements based on beliefs of Siemens management. The words "anticipate,""believe,""estimate,""forecast,""expect,""intend,""plan,""should," and "project" are used to identify forward-looking statements. Such statements reflect the company's current views with respect to future events and are subject to risks and uncertainties. Many factors could cause the actual results to be materially different, including, among others, changes in general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products, lack of acceptance of new products or services and changes in business strategy. Actual results may vary materially from those projected here. Siemens does not intend or assume any obligation to update these forward-looking statements.

Photo: Newscom: http://www.newscom.com/cgi-bin/prnh/20021029/SILOGOAP Archive: http://photoarchive.ap.org/PRN Photo Desk, +1-888-776-6555 or +1-212-782-2840

Siemens Information and Communication Networks Group

CONTACT: Suzanne Crow of Siemens Information and Communication NetworksGroup, +1-703-262-2689, or suzanne.crow@icn.siemens.com

Web site: http://www.usa.siemens.com/

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