Key Takeaways
- The late Siemens CEO and president of the Spanish division, Agustin Escobar, accumulated significant net worth from his 27-year career.
- He, along with his wife Merci and three kids, passed away on April 10, 2025, in a helicopter crash.
Agustin Escobar was the president and CEO of Siemens’ Spanish division, a leading technology and automation machinery manufacturer.
The CEO of Siemens’ Spanish division, CEO Agustin Escobar, along with his wife, Merce Camprubi Montal, and their children aged 4,5, and 11, tragically passed away in a helicopter crash on Thursday, April 10, 2025.
Moreover, their chopper crashed into the Hudson River, leading to their tragic demise. Along with the Escobar family, the incident also claimed the life of the pilot.
According to reports, the Barcelona-based family was on a sightseeing trip in New York City.
The late Siemens’ CEO was renowned for his work and contribution to the technology field.
Agustin Escobar was serving as the Global CEO of Rail Infrastructure at Siemens Mobility in Berlin, Germany, from October 2024 before the recent accident took his life.
Moreover, he was likely earning a monthly salary of $75,000k, plus other bonuses, at his recent job as the Global CEO of Rail Infrastructure at Siemens Mobility.
With over 27 years of experience in the energy, infrastructure, and transportation sectors, Agustin Escobar earned a multimillion-dollar net worth throughout his life and career.
The Late Agustin Escobar Began His Career Journey With Siemens In 1998
Agustin Escobar began his career with Siemens in 1998 in Madrid, Spain, which led him to become a renowned CEO and helped him accumulate millions of dollars in income, adding to his net worth.
He began his career at Siemens as the head of sales and project management for Power Automation Systems in Spain, where he served for six years.
Likewise, after serving his position as head of sales for six years, he became the Head of the Power Automation Systems business segment in Siemens’ Spanish division and later Head of the Power Distribution Division Spain and eCar Infrastructure BD for South West Europe Cluster.
After working for 12 years in Spain, he became the Director Corp. Strategy and International Business Development for N. America Cluster including US, Canada and Mesomerica in Siemens’ New York branch and served his position of two years.
Similarly, with his exceptional contribution to the company, the late Agustin Escabor was promoted to the CEO of the Infrastructure and Cities Sector for South America in Siemens’s Bogota, Colombia branch.
While in Bogota, Colombia, Agustin also served as the CEO of the Energy Management Division for four years before returning to Spain.
In 2018, Agustin Escobar became the CEO and president of the Board of Siemens Rail Automation and the CEO of Siemens Mobility SLU Spain.
He further served as CEO of Siemens Mobility Southwest Europe Region and President and CEO of Siemens Spain.
Talking about his earnings and salary from his over 27-year career with Siemens, the late Agustin Escobar likely earned a base salary of $400K-$700K annually.
Furthermore, considering his income from salaries, bonuses, and other benefits, Agustin Escobar had an estimated net worth of around $10 million at the time of his passing.
In Case You Didn’t Know
- The late Agustin Escobar earned his Executive MBA from IE Business School in December 2005.
- He also earned his MBA degree from the University of Alcala in 2002 and an Industrial Electrical Engineering degree from Comillas Pontifical Univesity in 1999.
- His late wife, Merci, also worked with Siemens in Bogota as the head of strategy and business development for the South America region.
