Siemens USA has named Marsha Smith Chief Financial Officer, an expanded responsibility to her current role as CFO for Siemens Mobility North America, a position she has held since 2017. Her appointment is effective Jan. 1, 2020. Smith will succeed Heribert Stumpf, who will be retiring after 38 years with Siemens.
In her new position, Smith will oversee the finance organization for Siemens USA, which includes the three core businesses of Smart Infrastructure, Digital Industries and Siemens Mobility. She will also support finalization of the Siemens Energy spinoff.
Smith has more than 20 years of experience working for Siemens’ financial organizations, beginning her career with Siemens Canada Ltd. and leading projects for Siemens Metals and Pulp & Paper businesses in Atlanta, Ga. In 2004, she joined Siemens Transportation Systems as the finance lead for joint-venture projects and proposals for the New York Metropolitan Transportation Authority. In 2013, she led the complex integration of Invensys Rail into Siemens Industry Inc., and in 2018, the establishment of Siemens Mobility, Inc., a separately managed legal entity from Siemens Corporation.
“I am thrilled to welcome Marsha to our U.S. leadership team,” said Siemens USA CEO Barbara Humpton. “She brings a deep understanding of our operations and governance that will be invaluable as Siemens continues to evolve as an organization in the company’s largest market.”
“I am honored to take on the role of Siemens USA CFO,” said Smith. “Every day, I see the impact that Siemens is making in the communities around the country, making them more sustainable and better places to live, work and play. I look forward to working with all Siemens companies to shape our future for society and for our U.S. employees.”
In fiscal 2018, Siemens USA reported revenue of $23.7 billion, including $5.0 billion in exports. The company employs approximately 50,000 people throughout all 50 states and Puerto Rico.