FRANKFORT, Germany. — Siemens says its net profit for the second quarter increased 12% or about $1.6 billion dollars. 
However sales and orders have slipped and that included the wind sector of the company.
The wind power division lost more than 50-million euros compared to the same period last year. The company says profit was held in check by an unfavorable business climate, and lower than expected revenue from its off shore program. Still, revenue did increase by 11% due to strong growth in the America’s, and Asia which offset the slow down in Europe.
Siemens also announced Wednesday that its Supervisory Board has appointed Lisa Davis – who is currently Executive Vice President Strategy, Portfolio and Alternative Energies at Royal Dutch Shell – to the Managing Board, effective August 1, 2014.
Davis will be responsible on the Managing Board for the Power and Gas Division, the Wind Power and Renewables Division, the Power Generation Services Division, the Region North America and the Region South America. She will be based in the United States.
The Wind Power and Renewables Division will serve, among other things, the rapidly growing field of onshore and offshore wind power generation. Revenue was roughly €5 billion. Markus Tacke, currently CEO of Wind Power, has been named CEO of the new Division.