Siemens Names Paul A. Camuti President and CEO of Corporate Research Division.

PRINCETON, N.J. -- Siemens Corporation today named Paul A. Camuti, 43, president and CEO of Siemens Corporate Research effective immediately. With headquarters in Princeton, New Jersey, Camuti will be responsible for overseeing the company's U.S. research division, which is developing new

"Innovation is a key pillar in our U.S. growth strategy and Paul has successfully demonstrated how to align innovation with the needs of our customers and resources and competencies within Siemens," said George Nolen, president and CEO of Siemens Corporation. Camuti also will be responsible for Siemens Technology-To-Business Center, a Berkeley-based subsidiary that gives Siemens access to emerging technologies that can be quickly developed into new products and businesses. The organization partners with universities, entrepreneurs and students to develop next generation technologies that can form stand alone companies, become a new Siemens business or integrated into existing Siemens businesses.

Prior to joining Siemens Corporate Research, Camuti held a variety of operational and high level R&D, sales, marketing and industry planning positions with Siemens Energy & Automation (SE&A). Most recently, he was vice president of the Chemical & Pharmaceutical Industry Business in Spring House, PA and general manager of the Process Automation Systems business with responsibility for product strategies, R&D, support and global distribution. An example of Camuti's approach to strategic R&D was his development of SE&A's Industrial Software business, which developed a suite of applications that enabled Automation & Drives (A&D) to strengthen its coverage of the market for manufacturing automation systems.

Camuti began his career at the Westinghouse Electric Corporation where he also held senior management positions in the areas of industrial automation, building automation and factory automation systems. Camuti earned a Bachelor's degree in science from Lehigh University.

About Siemens

Siemens AG (NYSE:SI) is one of the largest global electronics and engineering companies with reported worldwide sales of $91.5 billion in fiscal 2004. Founded more than 150 years ago, the company is a leader in the areas of Medical, Power, Automation and Control, Transportation, Information and Communications, Lighting, Building Technologies, Water Technologies and Services and Home Appliances. With its U.S. corporate headquarters in New York City, Siemens in the USA has sales of $16.6 billion and employs 70,000 people throughout all 50 states and Puerto Rico. Thirteen of Siemens' worldwide businesses are based in the United States. With its global headquarters in Munich, Siemens AG and its subsidiaries employ 430,000 people in 192 countries. For more information on Siemens in the United States: www.usa.siemens.com.