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.
BrightRed, the fifth and final higher-speed trainset for All Aboard Florida’s Brightline passenger rail service, has departed the Siemens USA plant in Sacramento, Calif., and is on its way to South Florida, traveling 3,052 miles across the southern U.S. via the Union Pacific and CSX through eight states (California, Arizona, New Mexico, Texas, Louisiana, Mississippi, Alabama and Florida).
It’s official: Siemens AG and Alstom SA have signed a Memorandum of Understanding “granting exclusivity to combine mobility businesses in a merger of equals.” The combination is largely viewed as a move to remain competitive in a global market in which Chinese rolling stock manufacturers have gained considerable market share. Based on how the merged company, “Siemens Alstom,” will be structured and named, Siemens is the lead company, with 6 of 11 board members.