Siemens said it has appointed Michael Büker (51) as chief financial officer (CFO) of the company’s Middle East region, effective February 1, 2018.
In his new role, Büker will be responsible for managing the company’s financial operations across the region, driving profitability and supporting key growth areas. He will also be tasked with supporting the digital transformation and the potential for co-creation projects with customers and partners. He takes over from Alia Al Rifai, who will assume a new role at the company’s headquarters in Munich.
Dietmar Siersdorfer, CEO of Siemens Middle East and UAE, said: “We are delighted to welcome Michael to the Siemens Middle East team. With its flourishing economies, the region continues to present Siemens with exciting opportunities to co-create with our customers. Michael’s rich experience in financial leadership positions will be instrumental in supporting the region’s digital transformation.”
With almost 20 years of experience in finance, Büker started with Siemens in Munich, Germany as a mergers & acquisitions project manager in 2006. Since then, he has fulfilled a variety of leadership roles in a corporate function and in renewable energy and infrastructure, most recently serving as the chief financial officer of Siemens Postal, Parcel & Airport Logistics. Prior to working with Siemens, Büker served as vice president of mergers & acquisitions for the HVB Group in Munich, Germany.
“I have the honor to take over from an excellent leader, Alia, and join a very successful and dynamic team in the Middle East,” said Büker. “In my new role, the priority will be to ensure continuity with our internal and external partners and maintain financial health in the region. At the same time, the finance community will focus on supporting critical infrastructure developments, expanding our digital portfolio and increasing the value we bring to our customers.”