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Siemens names new managing director at Hungarian unit

Kurt Hainschitz has been named managing director at Siemens Transzformátor, a unit of German engineering giant Siemens' subsidiary in Hungary, effective July, the subsidiary told MTI on Thursday.

Hainschitz replaces Stefan Hausberger, who, after 14 years in Hungary, will work on special projects for the German parent company.

Siemens' Hungarian subsidiary had revenue of HUF 86 billion in the past business year. The company employs more than 2,000 people. (MTI-ECONEWS)