Siemens VDO Appoints David Royce Director of Corporate Strategy

AUBURN HILLS, Mich., Jan. 4, 2006 -- Siemens VDO has appointed David Royce to Director of the company's North American Corporate Strategy department effective October 2005. He is responsible for identifying, assessing and realizing business opportunities that will advance the company towards the leading position in the North American market, which includes strategy implementation; technology planning; mergers and acquisitions; industry, market and competitive research; and, coordination of strategic projects.

Royce joined Siemens VDO in 1999 as a member of the company's internal consulting group, working on various global and regional benchmarking and merger and acquisition projects. In 2004, Royce was instrumental in executing the acquisition of DaimlerChrysler's $1-billion Huntsville Electronics operations in Huntsville, Ala., which propelled Siemens VDO into a market leadership position across its core business fields. Most recently, he spearheaded the acquisition of American Electronic Components (AEC) Inc. located in Elkhart, Ind.

Prior to joining the company, Royce was with Toyota's regional operations in sales training and product planning. He holds an honors bachelor's degree in Business Administration from Wilfrid Laurier University in Waterloo, Ontario, Canada and a master's degree in Business Administration from Wayne State University in Detroit.

Siemens VDO is a tier-one supplier of automotive electronic/electrical systems and components with applications covering gasoline and diesel powertrain technologies, safety and chassis systems, body electronics, plus interior products including infotainment systems. Worldwide sales reflecting fiscal year 2005 totaled $11.3 billion (euro 9.6 billion). For more information: http://www.usa.siemensvdo.com/ .

Siemens AG is one of the largest global electronics and engineering companies with reported worldwide sales of $96 billion in fiscal 2005. Founded nearly 160 years ago, the company is a leader in the areas of Medical, Power, Automation and Control, Transportation, Information and Communications, Lighting, Building Technologies, Water Technologies and Services and Home Appliances.

With its U.S. corporate headquarters in New York City, Siemens in the USA has sales of $18.8 billion and employs approximately 70,000 people throughout all 50 states and Puerto Rico. Eleven of Siemens' worldwide businesses are based in the United States. With its global headquarters in Munich, Siemens AG and its subsidiaries employ 460,000 people in 190 countries. For more information on Siemens in the United States: http://www.usa.siemens.com/ .