Report of the Supervisory Board Changes in the composition of the Upon his retirement from the Company on August 31, Supervisory and Managing Boards 2023, Michael Sigmund left the Supervisory Board, on There were no changes in the composition of the Manag- which he had represented the Senior Management of ing Board in fiscal 2023. Siemens AG. In a decision of September 14, 2023, the Charlottenburg District Court appointed Oliver Hartmann The shareholder representatives Michael Diekmann, to succeed Michael Sigmund as an employee represen- Dr. -Ing. Dr. -Ing. E. h. Norbert Reithofer and Baroness tative on the Supervisory Board for the remainder of Nemat Shafik and the employee representative Michael Sigmund’s term of office. Gunnar Zukunft left the Supervisory Board upon the expiry of their regular terms of office at the end of the We thanked the Supervisory Board members who de- Annual Shareholders’ Meeting on February 9, 2023. parted in fiscal 2023 for their many years of trust-based cooperation and for their professional commitment and On February 9, 2023, the Annual Shareholders’ Meeting contribution to the Company’s success. Our special elected Dr. Regina E. Dugan, Keryn Lee James and thanks go to Michael Diekmann, who – as Chairman of Martina Merz to serve as new shareholder representa- the Compensation Committee – decisively shaped the tives on the Supervisory Board for four-year terms of Supervisory Board’s activities over many years. office – that is, for the electoral period 2023 to 2027. Dr. Werner Brandt, Benoît Potier, Dr. Nathalie von Siemens On behalf of the Supervisory Board, I would like to thank and Matthias Zachert, who were already shareholder rep- the members of the Managing Board and all the employ- resentatives on the Supervisory Board and whose regular ees and employee representatives of Siemens AG and of terms of office expired at the end of the Annual Share- all Group companies for their outstanding commitment holders’ Meeting on February 9, 2023, were reelected to and constructive cooperation in fiscal 2023. serve as shareholder representatives on the Super visory Board for four-year terms of office – for the electoral pe- riod 2023 to 2027. Kasper Rørsted, Jim Hagemann Snabe For the Supervisory Board and Grazia Vittadini had already been elected by a decision of the Annual Shareholders’ Meeting on February 3, 2021, to serve as shareholder represen- tatives on the Super visory Board for four-year terms of office – for the electoral period 2021 to 2025. Jim Hagemann Snabe Pursuant to the provisions of the German Codetermination Chairman Act, Dr. Christian Pfeiffer was elected on November 22, 2022, to serve as a new employee representative on the Supervisory Board for a five-year term of office, effec- tive at the end of the Annual Shareholders’ Meeting on February 9, 2023. Tobias Bäumler, Dr. Andrea Fehrmann, Bettina Haller, Harald Kern, Jürgen Kerner, Hagen Reimer, Michael Sigmund, Dorothea Simon and Birgit Steinborn, who were already employee representatives on the Supervisory Board, were reelected to the Supervisory Board for five-year terms of office – that is, for the elec- toral period 2023 to 2028 – effective at the end of the Annual Shareholders’ Meeting on February 9, 2023. FISCAL 2023 10