Siemens corruption scandal results in fresh top resignation

24th April 2008, Comments 0 comments

Siemens said Reinhardt's departure followed the emergence of new information in the scandal.

Munich -- The corruption scandal that has engulfed German engineering giant Siemens AG claimed another victim Wednesday when another top executive was forced to stand down.

Erich Reinhardt, who has been the Siemens board member responsible for its healthcare division since 1994, is to leave his post at the end of the month, the Munich-based company said.

Siemens said Reinhardt's departure followed the emergence of new information in the scandal, which has rocked the 160-year-old company and has already led to several resignations from its management ranks including the group's former chief executive Klaus Kleinfeld.

However, in announcing Reinhardt's departure, Siemens said he was not personally involved that his personal integrity was beyond question.

The company's announcement confirmed a report published earlier in the German daily Sueddeutsche Zeitung.

DPA

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