The logo of German industrial conglomerate Siemens is pictured outside their headquarters in Munich, southern Germany, Wednesday, July 31, 2013. Siemens AG has appointed longtime finance chief Joe ... more 
The logo of German industrial conglomerate Siemens is pictured outside their headquarters in Munich, southern Germany, Wednesday, July 31, 2013. Siemens AG has appointed longtime finance chief Joe Kaeser as its new chief executive, replacing Peter Loescher after a series of missed profit targets at the German industrial conglomerate. Siemens said its supervisory board unanimously chose the 56-year-old Kaeser on Wednesday. (AP Photo/Matthias Schrader) less 
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Associated Press | Photo By Matthias Schrader
Wed, Jul 31, 2013 6:24 AM EDT