Siemens Healthineers to Operate China Separately From Rest of Region
04 Oktober 2022 - 3:45PM
Dow Jones News
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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