Siemens VDO Appoints Harry W. Zike as Chief Financial Officer

AUBURN HILLS, Mich.--March 2, 2006--Siemens VDO has appointed Harry W. Zike to Executive Vice President and Chief Financial Officer (CFO) of the company's North American operations effective Feb. 1, 2006. Zike, based at the company's North American Headquarters in Auburn Hills, Mich., is responsible for overseeing all financial and administrative functions of the company's North American Operations.

Zike joined Siemens in 1989 as Deputy Controller for its United States corporate headquarters in New York City, where he was responsible for Siemens' U.S. financial reporting functions, as well as the investment of retirement plan assets. In 1994, he was transferred to Erlangen, Germany, where he was the Commercial Director responsible for selected Siemens Power Generation projects in Southeast Asia. After serving as Commercial Director, Zike returned to Siemens' U.S. corporate headquarters in New York, where he served as its Vice President and Controller. In 1999, he was promoted to Vice President and CFO of Siemens Power Generation Inc. in Orlando, Fla., coincident with Siemens acquisition of the Westinghouse fossil power generation business.

Prior to joining Siemens, Zike began his career with Price Waterhouse in New York in the audit and advisory services group, later assisting in the establishment of the mergers and acquisitions practice. Zike holds a Bachelor of Science degree in Accounting from the University of Scranton in Scranton, Pa. He is a Certified Management Accountant, Certified Public Accountant and Certified Six Sigma Green Belt and is fluent in German and English.

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 (EUR 9.6 billion). For more information: 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: www.usa.siemens.com.