Siemens boss Peter Loscher set to stay with company until ’17: reports

( – German engineering conglomerate Siemens is to extend the contract of its boss Peter Loscher until 2017, according to a report in German daily Handelsblatt due to be published on Monday. Sources close to the German company quoted by the newspaper say that Siemens’ supervisory board will take the decision next week, a year before Loscher’s contract is due to end.

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