Siemens Energy reports record profits and reshuffles leadership

Siemens Energy announced it has tripled its profit, driven by strong demand for gas turbines and equipment for AI data centers. This surge has sent its stock price to a record high and created the company's largest-ever order backlog.

At the same time, the company is making changes to its top management. It is reducing the size of its executive board and giving more responsibility to a manager named Körte. The company has also started the process to find a successor for its CEO, Roland Busch.