Siemens Corp. announces leadership change for Power Transmission & Distribution unit

New York, September 12, 2002 — Siemens Corp. has named David Pacyna president and chief executive officer of Siemens Power Transmission & Distribution, Inc. (SPT&D).

He previously served as the vice president in charge of global business strategy for Siemens Westinghouse Power Corporation (SWPC) in Orlando, Florida. He succeeds Jan van Dokkum, who is leaving the company effective September 1, 2002.

“Dave has led a number of senior management and financial services roles within Siemens, including the design of SWPC business strategy, R&D, strategic inventory management, market analysis and forecasting, and investor relations,” said Klaus Kleinfeld, president and chief executive officer of Siemens Corporation.

“In his new post, he will draw on his track record of success in the power business. That breadth of experience will be vital in the difficult US power transmission and distribution market.”

Pacyna, age 42, started his career in the power industry in 1984 at the Westinghouse Electric Corporation. When Siemens acquired Westinghouse from CBS in August 1998, he was the vice president of power generation sales for Latin America and Canada and in 1999, was named vice president in charge of global business strategy.

He has extensive international experience within the power industry, having led project development, and sales and marketing efforts in Europe, Africa, the Middle East, the former Soviet Union, Turkey, Canada, and Latin and South America. Pacyna holds a BS degree in mechanical engineering from Union College in Schenectady, NY.

In his new position, Pacyna will be responsible for all of SPT&D’s staff functions, subsidiaries and business operations in the United States. The company, headquartered near North Carolina’s Research Triangle Park, manufactures and markets power transmission and distribution equipment and energy service solutions for electric utilities, independent power producers, co-generators, and other energy-intensive industries. In the U.S., SPT&D employs more than 1,400 workers in 6 manufacturing and assembly facilities, and roughly 40 sales offices in 24 states.

van Dokkum has been the president and CEO of SPT&D since its creation in 1997. During his 17-year career at Siemens, he has held a number of leadership positions, including vice president and general manager of the power apparatus & conditioning division of Siemens Energy & Automation.

“I want to thank Jan for his contributions to Siemens and wish him the best of luck,” Kleinfeld said. “Under his leadership, SPT&D evolved from a historically apparatus-based business into a customer-focused, solutions-oriented organization. He leaves the company well-positioned for even greater success in the future. “

About Siemens Power Transmission & Distribution (USA)

Siemens Power Transmission & Distribution, Inc., headquartered in Raleigh, NC, creates equipment and energy service solutions for electric utilities, independent power producers, co-generators and other energy-intensive industries. It has operations in Wendell, NC; Jackson, MS; Lafayette, IN; Minneapolis, MN; San Jose, CA; Atlanta, GA and Reynosa, Mexico. For more information visit www.ptd.siemens.com.


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