14 November 2008 | Paul Snell
Barbara Kux is to become the first woman on the board of electronics and engineering company Siemens.
The former Philips CPO joins the firm next Monday to take control of the group's new supply chain management group. Her position will also make her the only female board member of any company trading on Germany's DAX 30 of top firms.
As head of supply chain management she will be responsible for Siemens' ?42 billion (£36 billion) worldwide procurement spend. She will also become the company's chief sustainability officer, a role she held at Philips.
"In view of the current global economic challenges, the appointment of Ms Kux comes at the right moment," said president and CEO Peter Löscher, adding that her responsibility for procurement would be vital to improving the firm's overall efficiency.
Kux worked at Philips from 2003 until September this year and has also held roles at Ford, Nestlé and consultancy McKinsey. In 2007 she was ranked as Fortune magazine's 19th most powerful woman in business.