Siemens USA has appointed Marsha Smith to be the chief financial officer (CFO) effective Jan. 1, 2020, succeeding Heribert Stumpf, who will be retiring after 38 years of service with the company.
This expanded responsibility will be in addition to her current role as CFO for Siemens Mobility North America, a position she’s held since 2017. In her new position, Smith will oversee the finance organization for Siemens USA which includes the three core businesses of Smart Infrastructure, Digital Industries and Siemens Mobility.
She will also support finalization of the Siemens Energy carve out. In fiscal 2018, Siemens USA reported revenue of $23.7 billion, including $5.0 billion in exports, and employs approximately 50,000 people throughout all 50 states and Puerto Rico, according to the company.
“I am thrilled to welcome Marsha to our U.S. leadership team. She brings a deep understanding of our operations and governance that will be invaluable as Siemens continues to evolve as an organization in the company’s largest market,” said Barbara Humpton, CEO of Siemens USA.
“I am honored to take on the role of Siemens USA CFO,” Smith said. “Every day, I see the impact that Siemens is making in the communities around the country, making them more sustainable and better places to live, work and play. I look forward to working with all Siemens companies to shape our future for society and for our U.S. employees.”
Smith has more than 20 years of experience working for Siemens’ financial organizations, beginning her career working for Siemens Canada Ltd. and leading projects for Siemens Metals and Pulp & Paper businesses in Atlanta, GA. In 2004, she joined Siemens Transportation Systems as the finance lead for Siemens’ joint venture projects and proposals in New York City. In 2013, she led the integration of Invensys Rail into Siemens Industry Inc. and in 2018, she led the establishment of Siemens Mobility, Inc. a separately managed legal entity from Siemens Corporation.