Werner Schmieder

Schmieder was born in Possendorf, today Bannewitz, on 11 November 1926.^[1] He received a degree in economy and in 1967 he also obtained his Ph.D. in road engineering.^[1] Between 1949 and 1955 he worked at Investbank in Dresden.^[1] In 1955 he became a member of the Socialist Unity Party.^[1] He was the head of the Investbank in Cottbus from 1955 to 1962.^[1] He served as the deputy minister of finance (1967–1974) and state secretary (1974–1980).^[1]

Schmieder was appointed minister of finance in July 1980 succeeding Siegfried Böhm in the post.^[2] Schmieder's term ended in June 1981 when Ernst Höfner replaced him in the post.^[2][3]