OSIsoft announces energy industry veteran Michael Siemer to become company president

OSIsoft LLC, a leader in data technology for critical operations, is pleased to announce that Michael Siemer will join OSIsoft as President while Wolfgang Kuchen comes to OSIsoft as Senior Vice President of Sales and Marketing.

Siemer, an energy industry veteran with extensive experience in leveraging software technologies to transform complex industrial operations, comes to OSIsoft from Devon Energy Corporation, a North American oil exploration and production company, where he served as Vice President of Engineering, Exploration and Production, Data and Analytics. Siemer led many enterprise-wide digital transformation efforts at Devon, including initiatives around field automation, data management, advanced analytics, decision support and strategic innovation.

Prior to Devon, Siemer worked at SandRidge Energy, a startup E&P energy company, and prior to SandRidge he was employed for 18 years with 3M/Imation.

Kuchen, meanwhile, brings more than 20 years of experience providing financial, strategic and operational leadership in challenging business environments. Most recently, he served as President of Allergy Research Group (ARG), a Kikkoman portfolio company in the healthcare professional market. Prior to ARG, he was responsible for the growth and acquisition strategy at Soho Flordis International, a global healthcare company based in Australia.

Both Siemer and Kuchen will also serve on OSIsoft's newly formed Executive Committee. Siemer will officially begin on September 1, 2019 while Kuchen will begin on August 1, 2019.

Founded in 1980, OSIsoft has consistently been focused on software that lets people collect, understand and use data from critical operations, i.e. data generated by the production lines, safety equipment, power grids, and other systems that are at the foundation of their success. OSIsoft's PI System acts as a data infrastructure, enabling individuals from across an organization to quickly obtain real-time insights into operations to save costs, increase productivity, develop new products or extend their capital investments.

OSIsoft customers have used PI System technology to predict wind turbine failures, increase production at a mine by $120 million, reduce power consumption at a supercomputer center at a national laboratory, deliver water services to millions of new customers in a major metropolis, boost the fuel efficiency of cruise ships and improve the quality and consistency of beer, among other accomplishments.

Over 1,000 leading utilities, 80% of the world's largest oil and gas companies and 65% of the industrial companies in the Fortune 500 rely the PI System in their operations. Worldwide, over 2 billion sensor-based data streams are managed by the PI System.

"It is an honor to join OSIsoft. The company has long been recognized as a leader in industrial innovation and a critical partner for improving the performance of real-time operations," Siemer said. "OSIsoft has earned an admirable level of trust with its customer base through technology-leading software and a genuine and consistent emphasis on service and support. My own experiences as a customer of OSIsoft are a big part of why I'm here. I look forward to working with the team and expanding upon the success they've achieved."

"Data is the foundation of digital transformation and OSIsoft's PI System is the gold standard for turning system data into an asset that people can use to make better decisions, improve their competitiveness and get the most out of their operations," said Kuchen. "The impact of the PI System is set to expand rapidly."