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Helmuth Ludwig (Photo: Siemens)

Helmuth Ludwig, a 26-year company veteran, will become the new CIO of Siemens, succeeding Norbert Kleinjohann, who is retiring.

Ludwig, 54, previously served as chief digital officer of Siemens' PLM business unit. He also was president of Siemens PLM Software and CEO of the group's industry sector in North America.

In his new position, Ludwig will be responsible for the global IT operations of the German technology group.

One of his priorities will be to implement so-called Industry 4.0 technologies, which aim to reduce time-to-market through the introduction of connectivity across all operations.

"Time-to-market has now become a key competitive factor," Ludwig said in a press release. "That's why we have to keep massively driving the digitalization of our products and processes."

Ludwig has an engineering degree from Germany's University of Karlsruhe and a doctorate from Kiel University. He also holds an MBA degree from the University of Chicago.