(Updates with details on Siemens unit from third paragraph.)
Dec. 19 (Bloomberg) -- Siemens AG, Europe’s largest engineering company, hired Stanley McChrystal, a former commander of U.S. forces in Afghanistan, for a new unit seeking U.S. government contracts.
McChrystal, 57, will serve as chairman of Siemens Government Technologies, which spans security systems to engineering software for defense equipment, the Munich-based company said in a statement today. Siemens appointed former U.S. Army Lieutenant General John Sylvester and Robert Coutts, a former Lockheed Martin Corp. executive, as board members.
Siemens this year set up the government technology unit, headed by former Lockheed Martin executive Judy Marks, to get more contracts for transportations systems, as well as energy and health care equipment. The company partnered with Boeing Co. to jointly develop smart-grid technologies to improve energy access and security for the U.S. Department of Defense.
Siemens created a division on Oct. 1 for infrastructure solutions catering to municipal clients.
Siemens generated 14.4 billion euros ($18.8 billion) of sales in the U.S. in the fiscal year ended Sept. 30. That’s 20 percent of total revenue, making it the company’s most important market. As of Sept. 30, the company had 56,000 employees in the country.
President Barack Obama ousted McChrystal in June last year for making belittling remarks about administration officials just over a year after he was entrusted with salvaging a losing war in Afghanistan, replaced him with General David Petraeus.
McChrystal sits on the boards of Navistar International Corp, the maker of International brand trucks, and JetBlue Airways Corp. He also serves as senior fellow at Yale University’s Jackson Institute for Global Affairs, where he teaches courses in global affairs and leadership.
--Editors: Andrew Noel, David Risser
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