Klaus Kleinfeld Net Worth is2.1 $Million
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Klaus Kleinfeld (born November 6, 1957 in Bremen, Germany) is chief executive officer (CEO) of Alcoa Inc., and former CEO of Siemens AG.
In August 2007, Kleinfeld was appointed COO of Alcoa Inc. Beginning October 1, 2007, he oversaw the operative business for the US Aluminum concern. In May 2008, Kleinfeld was appointed as CEO of Alcoa, thus succeeding Alain Belda.
Kleinfeld was CEO of Siemens AG from 2005 until July 2007.On April 25, 2007, Siemens AG distributed a press release announcing that Kleinfeld was not available for a renewal of his contract. This was preceded by the supervisory board's indecisiveness in light of the ongoing corruption investigations at Siemens.
He started his career in 1982 by joining a specialized marketing consulting firm and worked with clients like Siemens, Henkel, Citibank, EFFEN, and industry associations.
Kleinfeld has taken initiatives to reduce costs at Alcoa, including cutting back production and slashing jobs. The first company in the Dow Jones Industrial Average to announce results for the three months through June 2009, Alcoa reported narrower losses than forecasted on Wall Street. "Our cash generation initiatives, productivity improvements, and portfolio changes are working," said Mr. Kleinfeld in a written statement. "Now Alcoa has the staying power and reduced cost base to withstand the most serious downturn in the history of the aluminum industry."
While CEO of Alcoa in 2009, Klaus Kleinfeld earned a total compensation of $11,214,266; which included a base salary of $1,400,000; a cash bonus of $3,754,800; options granted of $5,832,000; and other compensation of $227,466.
Kleinfeld received a business degree from Georg August University in GA?ttingen, Germany and a Ph.D. in management, University of WA 1/4 rzburg.
In 1986, he joined Ciba-Geigy in Basel (Switzerland), where he was a product manager in the Pharmaceutical Division.
Kleinfeld has worked for Siemens AG since 1987. His first position wa

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