Siemens Healthineers AG

Shareholders of Siemens Healthineers AG

The shareholder data held for Siemens Healthineers AG in this profile consists of a sample of 5 disclosed institutional holdings out of 18 total records referenced in the source feed, dated 4 September 2026. These are fund/asset-manager positions (e.g. index and thematic ETFs) with percentages ranging from approximately 0.01% to 15.6%. Because the underlying feed samples a subset of reportable holdings rather than the full issued share capital, these percentages should be read as shares of the sampled dataset and not as verified free-float ownership percentages of Siemens Healthineers AG as a whole; they are not used below to state the company’s overall ownership structure.

As a DAX-listed public company (Frankfurt Stock Exchange/Xetra, ticker SHL, ISIN DE000SHL1006), Siemens Healthineers AG discloses only major or reportable shareholdings under the German Securities Trading Act (Wertpapierhandelsgesetz, WpHG), via voting-rights notifications published through EQS Group AG and BaFin. It does not maintain a complete public register of all shareholders. The one verified, primary-source-confirmed major shareholder is Siemens AG (Munich/Berlin, Germany), the company’s direct parent, whose stake is addressed under Ultimate beneficial ownership below. No other individual shareholding above a statutory disclosure threshold was identified from primary sources at the time of this review (25 September 2026); free-float shares are understood to be held by a broad base of institutional and retail investors whose individual identities are not separately disclosed in the primary sources reviewed.

Ultimate beneficial ownership

Siemens AG, a German Aktiengesellschaft listed on the Frankfurt Stock Exchange (registration: Amtsgericht München/Berlin-Charlottenburg, HRB 6684/12300), is the direct majority corporate shareholder of Siemens Healthineers AG. According to Siemens AG’s own press disclosures, its shareholding in Siemens Healthineers AG has changed several times during 2025: approximately 76.5% before a share placement, reduced to 73.0% following a sale of 26.5 million shares that closed on 24 February 2025, and reported at circa 67% as of Siemens AG’s announcement of 12 November 2025 regarding a planned share transfer to Siemens AG’s own shareholders.

Siemens AG’s own shares are, according to its investor-relations disclosures, widely held, with a broad institutional and retail free float; no single shareholder or identified natural person is disclosed as holding a controlling interest in Siemens AG. Because part of this ownership chain (the precise, current, individually attributable holdings within Siemens AG’s own free float) is not fully available from the sources reviewed, no calculated effective percentage ownership can be attributed to a natural-person ultimate beneficial owner of Siemens Healthineers AG. Siemens AG itself is accordingly identified as the controlling corporate shareholder (approximately 67% as of 12 November 2025), and no verified natural-person UBO above a stated threshold is identified for Siemens Healthineers AG at this time.

Data availability

Shareholder disclosure for Siemens Healthineers AG is best described as major shareholders only: the controlling stake held by Siemens AG is well documented through primary company announcements, but the remaining free float is not broken down to individual holders in the sources reviewed, and the sampled fund-holding data stored in this profile covers only a small subset of reportable positions. The absence of a fully itemised shareholder register should not be read as evidence that no other shareholders exist.

Sources

• Siemens: Siemens completes sale of a portion of its shareholding in Siemens Healthineers, 19 February 2025 — https://press.siemens.com/global/en/pressrelease/siemens-completes-todays-announced-sale-portion-its-shareholding-siemens-healthineers (retrieved 25 September 2026)
• Siemens: Siemens plans to deconsolidate Siemens Healthineers, 12 November 2025 — https://press.siemens.com/global/en/pressrelease/siemens-plans-deconsolidate-siemens-healthineers (retrieved 25 September 2026)
• Siemens Healthineers: Investor Relations — Share information — https://www.siemens-healthineers.com/investor-relations/share (retrieved 25 September 2026)
• Siemens: Shareholder Structure & Voting Rights Announcements — https://www.siemens.com/en-us/company/investor-relations/share-bonds-rating/shareholder-structure-voting-rights-announcements.html (retrieved 25 September 2026)

Directors and officers of Siemens Healthineers AG

The registry-style officer dataset held for Siemens Healthineers AG contains 81 records: 47 flagged active and 34 flagged resigned, dated 8 September 2026. This dataset is materially affected by duplication and inconsistent labelling: several individuals (for example Bernhard Montag and Jochen Schmitz) appear more than once under slightly different name spellings, with conflicting active/resigned flags and generic “Officer” role labels that do not reliably distinguish the statutory Managing Board (Vorstand) from the Supervisory Board (Aufsichtsrat) or from authorised signatories. It is therefore treated as a historical/partial source and not relied on alone; current governance roles below are taken from Siemens Healthineers AG’s own investor-relations pages.

As a two-tier German stock corporation, Siemens Healthineers AG has a Managing Board (Vorstand) responsible for day-to-day management and a Supervisory Board (Aufsichtsrat) responsible for oversight and appointment of the Managing Board. As of the company’s own published management page (retrieved 25 September 2026), the Managing Board has four members: Dr. Bernd Montag (Chief Executive Officer, appointed to the board 8 March 2018), Dr. Jochen Schmitz (Chief Financial Officer), Darleen Caron (Chief Human Resources Officer and Labor Director, appointed to the Managing Board effective 1 February 2021), and Elisabeth Staudinger (Managing Board member, appointed effective 1 December 2021, with her mandate subsequently extended to September 2029). The Supervisory Board comprises 20 members, equally split between shareholder and employee representatives, chaired by Prof. Dr. Ralf P. Thomas (member since 1 March 2018), with Dorothea Simon (employee representative, since 18 April 2024) and Karl-Heinz Streibich (since 1 March 2018) as deputy chairs.

Nationality is not stated for any individual in this section because it is not officially disclosed in the sources reviewed; German company registries and Siemens Healthineers AG’s own governance disclosures do not publish directors’ nationality, and nationality has not been inferred from names, residence or correspondence addresses.

Recent officer changes

• Elisabeth Staudinger appointed to the Managing Board effective 1 December 2021 (source: Siemens Healthineers press release).
• Darleen Caron appointed to the Managing Board (CHRO) effective 1 February 2021 (source: Siemens Healthineers press release).
• Dorothea Simon became Deputy Chairwoman of the Supervisory Board on 18 April 2024 (source: Siemens Healthineers Supervisory Board page).

Data availability

Current Managing Board and Supervisory Board membership is well documented on Siemens Healthineers AG’s own investor-relations pages. The underlying registry-style dataset, by contrast, is historical and partial: it mixes current and long-resigned individuals, contains duplicate entries for the same person, and does not consistently distinguish statutory board roles from other functional titles. Nationality and detailed appointment/resignation history for most listed individuals are not disclosed in the sources reviewed.

Sources

• Siemens Healthineers: Managing Board Members — https://www.siemens-healthineers.com/company/management (retrieved 25 September 2026)
• Siemens Healthineers: Supervisory Board — https://www.siemens-healthineers.com/investor-relations/supervisory-board (retrieved 25 September 2026)
• Siemens Healthineers: Darleen Caron appointed to Managing Board (CHRO) — https://www.siemens-healthineers.com/press/releases/darleen-caron (retrieved 25 September 2026)
• Siemens Healthineers: Managing Board changes — Elisabeth Staudinger — https://www.siemens-healthineers.com/press/releases/elisabeth-staudinger (retrieved 25 September 2026)

Group structure of Siemens Healthineers AG

Siemens Healthineers AG is part of a verified corporate group. Its immediate (and, on current information, ultimate identifiable) parent is Siemens AG, Germany, which holds a majority shareholding of approximately 67% as of Siemens AG’s announcement of 12 November 2025 (see Shareholders section). Within the wider corporate-linkage data held for this profile, Siemens Healthineers AG has 18 verified direct subsidiaries spanning Germany, the United States, Switzerland, Canada, Norway, South Korea, Japan, and Morocco and Algeria, with further indirect subsidiaries beneath several of these (for example beneath its main German operating subsidiary and beneath its US-based oncology subsidiary). Information is dated 8 September 2026 and reflects the group as recorded in the underlying registry-linkage feed at that time.

Important scope limitation: the underlying corporate-linkage dataset for this profile is rooted at Siemens AG and, beneath it, includes 178 direct entities and 810 linked entities in total. The great majority of these are unrelated sister businesses of the wider Siemens AG conglomerate — including Siemens Energy, Siemens Mobility, Siemens Digital Industries/Siemens Industry Software (Mentor Graphics, Mendix, Supplyframe, Brightly Software), Innomotics, Siemens Gamesa Renewable Energy, Siemens Financial Services, and numerous Siemens AG real-estate and holding vehicles — and are not part of the Siemens Healthineers group. Several of these (for example Siemens Energy) are separate, independently listed companies. This section reports only entities verified as sitting beneath Siemens Healthineers AG itself in that dataset, plus its direct relationship to Siemens AG; it deliberately excludes Siemens AG’s other divisions and sister companies.

Verified corporate relationships

Additional direct subsidiaries recorded in the underlying dataset, not individually tabulated above, include national Siemens Healthineers/Siemens Healthcare operating units in South Korea, Japan, Canada, Norway, Morocco and Algeria, and a US consulting entity. Ownership percentages for individual subsidiaries were not disclosed in the sources reviewed; for a wholly integrated operating subsidiary this commonly means full or near-full ownership, but this has not been independently confirmed for each entity and is not assumed here.

Recent structural changes

• Siemens AG’s stake in Siemens Healthineers AG reduced from approximately 76.5% to 73.0% following a placement of 26.5 million shares, completed 24 February 2025.
• On 12 November 2025, Siemens AG announced plans, subject to shareholder approval expected in February 2027, to transfer a large portion of its remaining Siemens Healthineers AG shares directly to Siemens AG shareholders, reducing its stake to a significant minority.
• Siemens Healthineers AG acquired Varian Medical Systems, Inc. (US), with the transaction completed in April 2021, materially expanding the group’s oncology business.

Data availability

Information on Siemens Healthineers AG’s own direct subsidiaries is partial: entity names, countries and registration numbers are available, but ownership and voting percentages for individual subsidiaries are not disclosed in the sources reviewed, and the dataset is not a complete worldwide subsidiary register. Its relationship with its parent, Siemens AG, is well documented through primary Siemens AG disclosures. The wider linkage dataset associated with this profile conflates the target company with the entire Siemens AG conglomerate and has been filtered here to exclude entities not verified as belonging to the Siemens Healthineers group.

Sources

• Siemens: Siemens plans to deconsolidate Siemens Healthineers, 12 November 2025 — https://press.siemens.com/global/en/pressrelease/siemens-plans-deconsolidate-siemens-healthineers (retrieved 25 September 2026)
• Siemens: Siemens completes sale of a portion of its shareholding in Siemens Healthineers, 19 February 2025 — https://press.siemens.com/global/en/pressrelease/siemens-completes-todays-announced-sale-portion-its-shareholding-siemens-healthineers (retrieved 25 September 2026)
• Siemens Healthineers: Corporate Info — http://www.siemens-healthineers.com/ (retrieved 25 September 2026)