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Siemens proposes former SAP boss Snabe as next chairman


MUNICH, Germany (Reuters) - Top European engineering group Siemens <SIEGn.DE> proposed former SAP <SAPG.DE> co-chief executive Jim Hagemann Snabe as its next chairman ahead of its annual shareholder meeting on Wednesday.

Snabe, a 51-year-old Dane who has been a Siemens supervisory board member since 2013, should take over from Gerhard Cromme after next year's AGM.

He also holds directorships at software maker SAP <SAPG.DE>, insurer Allianz <ALVG.DE>, shipping group Moeller-Maersk <MAERSKb.CO> and audio equipment maker Bang & Olufsen <BO.CO>

Siemens said he intended to reduce the number of his supervisory board positions by 2018.


(Reporting by Georgina Prodhan; Editing by Victoria Bryan)