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."