Siemens has appointed Paulo Ricardo Stark (42) to serve as its new CEO in Brazil.
Paulo Ricardo Stark is a native of Brazil. He is an electrical engineer with wide-ranging international experience. His work for Siemens includes stints in Mexico and in several positions in Germany, where he most recently headed a Business Unit in the company's Industry Sector. Paulo Stark is taking over an important and rapidly growing Regional Company. Siemens has been active in Brazil for more than 105 years, where it generated revenue of some €1.8 billion and new orders of €2.1 billion in fiscal 2010. The company has roughly 10,000 employees, 13 production facilities and seven research centers in Brazil and wants to continue participating in the country's dynamic growth for example, with sustainable infrastructures for cities and major events as well as offerings for the oil and gas industry and the renewable energies segment.