By 2018 Jim Hagemann Snabe is likely to reduce his supervisory board positions and be Siemens chairman.

Germany’s top engineering group, Siemens has proposed that Jim Hagemann Snabe, the former Co-CEO of SAP be its next chairman, ahead of its annual general meeting on Wednesday.

Snabe, 51, has been a member of Siemens supervisory board since 2013. He is likely to take over from Gerhard Cromme after next year’s AGM.

He is also a director at Allianz, SAP, Moeller-Maersk, a shipping group, and at Bang & Olufsen, an audio equipment manufacturer.

Siemens has disclosed that by 2018, Snabe intends to trim the number of his supervisory board positions.

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