Agustín Escobar spent almost 25 years in the German multinational, holding positions of responsibility across many areas.
Agustín Escobar, the CEO of Siemens Spain, died on Thursday after his helicopter fell into the Hudson River in New York City (United States). The former CEO of the German multinational’s Spanish business went on a sightseeing trip organised by New York Helicopter Tours with his wife and three children, all of whom died in the disaster.
Escobar had almost 25 years of expertise with the technological firm. Since joining Siemens in 1998, he has held a variety of jobs in the company’s energy automation business until becoming head of the Spanish energy distribution division ten years later.
Between 2010 and 2014, the executive held various leadership positions in Siemens’ American divisions , moving first to New York (United States) and then to Bogotá (Colombia). In 2012, he took over as CEO of the infrastructure and cities sector for Latin America. After four years as CEO of the energy management division in the same region, Escobar returned to Siemens’ Spanish organisation in 2018.
President of Siemens Spain since 2022
In December 2019, the company appointed Escobar as Executive President of Siemens Mobility for Southern Europe, a position he held for four years and eleven months until October 2024.
In 2022, he also became President and CEO of Siemens Spain , replacing Miguel Ángel López. Since October 2024, Fernando Silva has held the positions of President and CEO of the technology company’s Spanish division, taking over from Escobar when he became Global CEO of Rail Infrastructure at Siemens Mobility.
Born in 1975, the Spanish executive, specialising in the areas of mobility, energy, and infrastructure, graduated in industrial engineering from the Escuela Técnica Superior de Ingeniería (ICAI) of the Universidad Pontificia Comillas in 1999. Three years later, he completed a Master’s in Business Administration at the University of Alcalá in Madrid and continued his training in 2005 with a second executive master’s in business administration at the IE Business School.
Beyond Siemens, Escobar’s business activities included co-founding the startup TMR Online in 2007. Between 2007 and 2010, he held a seat on the board of the transport innovation think tank CENIT, and for four years during his time in Latin America, he also served on the Association for the Progress of Management in Colombia. Since 2018, Escobar has been a member of the advisory board to the president of the Spanish Confederation of Business Organisations (CEOE).
Police report six dead in the accident
The tragic accident that occurred this Thursday on the Hudson River around 3:15 p.m. claimed six lives, according to police sources reported to local media. Although the Spanish embassy has not released details beyond the deaths of five Spanish nationals, New York authorities confirmed to ABC News that the senior Siemens executive was travelling with his wife , Merce Camprubi Montal, and their three children, ages 4, 5, and 11. The helicopter pilot, whose identity has not been made public, also did not survive.
The accident, which was filmed by numerous witnesses, occurred just 15 minutes before the Bell 206 helicopter used for sightseeing tours was to begin its sixth flight of the day. The National Transportation Safety Board (NTSB) is investigating what caused the aircraft to crash and fall into the river.
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