Supervisory Board of Thyssenkrupp recommends personnel changes in the leadership of the company

by David Fleschen

The Personnel Committee of the Supervisory Board of thyssenkrupp AG recommends to the Supervisory Board to start negotiations to end the Board mandate of Guido Kerkhoff shortly. He shall be succeeded by the current Chairman of the Supervisory Board, Martina Merz, who is expected to take over as interim Chairman of the Management Board for a duration of not more than twelve months.

The appointment of Martina Merz to be decided by the Supervisory Board would be made by delegation. (Par. 105, 2 AktG). Martina Merz's mandate on the Supervisory Board would be suspended for the maximum period of twelve months. Martina Merz would return to the Supervisory Board as soon as the position of Chairman of the Management Board is filled. During the appointment of Martina Merz, Prof. Dr. Siegfried Russwurm is supposed to take over the function of Chairman of the Supervisory Board on an interim basis, too.

The Personnel Committee also recommends that the Supervisory Board appoint Dr. Klaus Keysberg as an additional member of the Executive Board of thyssenkrupp AG with responsibility for the Business Areas Materials Services and Steel Europe effective October 1, 2019.

The realignment of the Group announced in May 2019 and unanimously approved by the Supervisory Board will be systematically continued. The focus will be on the three areas "performance first", "flexible portfolio" and "efficient organization".

Source and Photo: Thyssenkrupp

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