Prior to heading Next47, he developed and built up the Hewlett Packard Pathfinder organisation, bringing together innovation strategy, venture investments, acquisitions and partnerships.

Lak Ananth (pictured) has left US-based enterprise IT company Hewlett Packard Enterprise (HPE) to join Germany-based conglomerate Siemens and will be managing partner of its €1bn ($1.1bn) Next47 corporate venturing unit from November 14.

Ananth, ranked 21st in the Global Corporate Venturing Powerlist 2016, will report to Joe Kaeser, Siemens’ CEO. He said: “As a Siemens subsidiary, we have both an external and an internal vision.

“The external vision is to be the world’s premium address for…