Michael von Saldern

Dr. Michael von Saldern is the Chief Procurement Officer for Siemens Power Generation Products. Michael focuses on cost reduction in the range of 5 to 10% p.a. relating to 2 - 3 billon € purchasing volume. Key success factors are bundling across 26 Siemens manufacturing sites and invigorating COMPETITION / breaking supplier monopolies. Michael has a staff of more than 600 procurement professionals supporting him with big data analysis to identify & develop poor performing suppliers and improving their quality & innovation.

Michael has a wealth of experience in Strategy formulation (Head of Strategy Siemens Sector Energy) as well as running manufacturing operations for ABB, Alstom and Siemens. His in depth knowledge about customer requirements, competitor moves and technology trends range from nuclear to fossil power generation as well as new technology introduction in the field of renewable energy. Michael has been Lead Negotiator for several M&A deals for Siemens in Russia, UK and China. He carries hands-on Post-Merger Integration experience from these completed deals.

Michael holds a Ph.D. in Mineral Economics from Colorado School of Mines and a Diplom Ingenieur from RWTH Aachen. He started his professional career as Management Consultant at McKinsey & Company.

Michael is a keen offshore sailor and has crossed the Atlantic several times on his own keel. He is married in Copenhagen and his two daughters attend liberal arts colleges in Germany.