Siemens U.S. CEO to retire

NEW YORK - George Nolen, chief executive officer of Siemens AG's U.S. division will retire on Aug. 31, Europe's largest engineering company said Friday. Nolen 53, is retiring "at his own wish," Siemens spokesman Alexander Becker said. Peter Solmssen, 54-year-old Siemens executive board member responsible for the Americas region, will be acting president and CEO at Siemens Corp. until a successor is named, Becker said. Nolen joined Siemens in 1982 and became head of the U.S. business in 2003. Siemens has operations in Buffalo Grove, Hoffman Estates, Schaumburg, Glen Ellyn, Elk Grove Village, Mundelein, Oak Brook, Rolling Meadows and Wood Dale.