At the conclusion of his first full year as chief executive of the German industrial, Peter Loshcer says management is too German, too white, and too male.
In an interview with the Financial Times, Loshcer said Germany’s competitiveness could be at risk and a top priority in his second year of leadership will be to better diversity management.
“The management board are all white males. Our top 600 managers a predominately white German males. We are too one-dimensional,” he said. Of 15 divisional heads, 11 are German even though 80 percent of Seimens revenues are derived from outside its home country.
Siemens has instituted a mentoring program among senior managers. Among Loshcer’s charges are four Germans, two Chinese, a South African, a Pakistani, and American, and a Brazilian.