Siemens announces changes to managing board

Siemens announced changes to its managing board on Wednesday as the German engineering giant prepares for life after Chief Executive Joe Kaeser.The trains to industrial software maker said company veteran Klaus Helmrich, the current head of its digital industries division, will retire in March next year and be replaced by Cedrik Neike, the current head of Smart Infrastructure, effective from Oct. 1.Matthias Rebellius, currently the chief operating officer of Smart Infrastructure, will join Sieme