Siemens Healthcare without Erich Reinhardt

Erich Reinhardt, CEO of Siemens Healthcare, will resign effective April 30, in conjunction with compliance violations within Siemens' medical group. Reinhardt, 61, was not personally involved in the alleged corruption, according to Siemens' officials.

Photo: Siemens Healthcare without Erich Reinhardt
In a company announcement issued today, the resignation follows new findings from U.S. law firm, Debevoise & Plimpton, hired to investigate the former medical group, which was led by Reinhard since 1994. The firm uncovered compliance violations by employees; however, the company did not further elaborate on the specifics of those findings. Corporate-wide, approximately $2 billion between fiscal 2000 and 2006 is in question, with about $70 million under investigation within the medical division, according to Bloomberg.

The bribery scandal has plagued Siemens for 18 months, and Reinhardt is the senior- most casualty of the probe since the departure of CEO Klaus Kleinfeld last year.

Jim Reid-Anderson, 49, former CEO of the diagnostic division for Siemens Healthcare, will take over Reinhardt’s post. Reinhardt will remain with Siemens as a consultant.
“I have the greatest respect for the clear decision made by Professor Reinhardt, whom I have known for many years and think of highly," Siemens CEO Peter Loescher said in a statement. "Once again, he is showing his exemplary sense of responsibility and leadership."


More on the subject:More on companies:
Read all latest stories

Related articles


Sponsored • Earlier disease prediction and identification

The potential of AI in routine blood testing

It’s widely known that more than 70% of today’s medical decisions involve the results of laboratory tests, but the insights clinicians derive from these tests today may only be scratching the…


Sponsored • Siemens Naeotom Alpha

First CT scanner with photon-counting technology

Conventional CT imaging has reached its technical limitations: Resolution can only be improved by small margins and dose cannot be reduced significantly: Photon-counting technology enables drastic…


Sponsored • Photon-counting CT scanner

No detours, more detail

For the Siemens Healthineers team developing new and ever higher performing computed tomographs is daily fare. But when they introduced their most recent CT system an unusual sense of pride was…

Related products

Subscribe to Newsletter