While Mr. Loescher left Siemens with a smaller market value when he left (€83-billion) than when he arrived (€103-billion), GE and ABB have yet to recoup their pre-crash market highs.
An investment banker who knows Siemens, but did not want to be identified, suggested that the company’s management was never happy with an outsider as CEO; when he had finished the cleanup job, he was sent packing. Perhaps.
But that’s all history and Mr. Loescher is looking for his next challenge. He said he is “open for global corporate jobs,” but also hinted foundation or charity jobs also appeal to him. He loves the arts and education and is the Munich-based chairman of the Siemens Foundation, an education charity that is involved in creating a technology school in Nelson Mandela’s hometown.
“When I was age seven, I wrote to my primary school teacher that I wanted to become a diplomat,” he said. “I had no clue what a diplomat was, but my answer probably meant I was very interested in cultures. I have always tried to learn from cultures.”
Mr. Loescher is back on the job market and, no doubt, his phone is ringing. But FC Barcelona is also on his mind. “The one thing for sure is that I will be much more visible at Barcelona games,” he said.
Born in Villach, Austria, into a forestry products family.
Educated at Vienna University of Economics and Business Administration, Chinese University of Hong Kong and Harvard.
Speaks English, German, Italian French, Spanish, some Japanese and Chinese.
A self-described sports fanatic, he loves skiing, mountaineering, sailing, tennis, running and water skiing.
Favourite ski resort is Lech, Austria.
Collecting contemporary art from Latin America and Spain; FC Barcelona games.
“My dream job is one I will never be able to have – president of FC Barcelona.” Noted that his father-in-law, Agusti Montal i Costa, was the man who, in 1973, recruited Johan Cruyff, the Dutch striker who was undoubtedly one of the finest soccer players of the past century.
On whether the euro-zone crisis will break the common currency:
“I am convinced it will remain intact. This is a major political project, not just an economic one.”