Industrial conglomerate Siemens AG said Monday Michael Reitermann will lead the company’s U.S. organization.

Reitermann, who will become CEO of in the U.S., replaces Heinrich Kolem, who will now lead the company’s global angiography, fluoroscopy and X-ray business.

Siemens, which is based in Germany, has its U.S. headquarters in Malvern, Pa.

Siemens Healthcare employs some 1,000 people at a campus in Cary. N.C.

American Depository Shares of Siemens rose $1.92, or 2.8 percent, to $70.67 in afternoon trading. The stock has traded between $43.89 and $123.81 over the last 52 weeks.