MUNICH | Fri Jul 26, 2013 8:20am EDT
MUNICH (Reuters) - Members of Siemens' (SIEGn.DE) supervisory board will meet at the weekend to discuss the German engineering group's management, two people familiar with the matter said on Friday, days after Siemens abandoned its 2014 profit margin target.
Pressure is building on Chief Executive Peter Loescher who is seen as struggling to turn Siemens around.
Shares in the company turned positive after the news, gaining 1.6 percent higher at 79.85 euros by 1215 GMT.
Supervisory board members representing Siemens workers and shareholders will meet separately ahead of a joint meeting scheduled for Wednesday, the sources said.
Siemens' supervisory board has 20 members and, as is customary in Germany, half of them represent the interests of workers and the other half those of shareholders.
The group, which is due to publish its third-quarter results on Thursday, declined to comment.
(Reporting by Jens Hack; Writing by Maria Sheahan; Editing by Louise Ireland and Christoph Steitz)
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