By Cecilia Butini

Siemens Healthineers AG said Tuesday that it would split its Asia Pacific operations between China and the rest of the region, which will be named Asia Pacific Japan.

The German medical-equipment maker said the move was meant to "allow both China and the rest of the region to achieve their full potential."

The China region will continue to be led by Jerry Wang, while the new Asia Pacific Japan region is helmed by Vy Tran, who used to be Varian's chief compliance and quality officer, the company said.

China is set to be the biggest global market in medical technology by 2030, according to Siemens Healthineer's former head of the Asia Pacific region. The country accounted for almost half of the company's revenue in the region in fiscal 2021, it said.

Write to Cecilia Butini at cecilia.butini@wsj.com

(END) Dow Jones Newswires

October 04, 2022 09:30 ET (13:30 GMT)

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