FILE - In this Jan. 24, 2012 file picture CEO of Siemens AG Peter Loescher leaves a press conference in Munich, Germany.German engineering giant Siemens AG says it will be replacing its chief ... more 
FILE - In this Jan. 24, 2012 file picture CEO of Siemens AG Peter Loescher leaves a press conference in Munich, Germany.German engineering giant Siemens AG says it will be replacing its chief executive, who has drawn the ire of shareholders by failing to meet profit targets. Siemens said in a statement late Saturday July 27, 2013 that its board will meet Wednesday to "decide on the early departure of the president and CEO" Peter Loescher. Siemens is a heavyweight in Germany's engineering industry with interests in high-speed rail, advanced medical technology, robotics and power generation. (AP Photo/dpa,Peter Kneffel,File) less 
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Associated Press | Photo By dpa,Peter Kneffel,File
Mon, Jul 29, 2013 7:39 AM EDT