Loscher: "Renewable energy and more efficient products will drive future economic growth" NEW YORK, June 24 /PRNewswire-FirstCall/ -- In prepared remarks today at the U.S.

Nokia Siemens Networks has announced that Eduardo Montes, former member of the Siemens managing board has resigned from the company's board of directors. He will be replaced by Siegfried Russwurm, member of the Siemens managing board and head of corporate human resources.

Siemens, a major engineering company based in Germany, will cut 17,200 jobs worldwide to remain competitive, company President Peter Loscher says. Loscher said due to the struggling U.S.

Merck & Co., Inc. today announced that Peter Loescher, president and chief executive officer, GE Healthcare Bio-Sciences, and member of GE's Corporate Executive Council, has been named to Merck's newly created position of president, Global Human Health, effective May 1, 2006. Mr.