The chief executive officer of German industrial giant Thyssenkrupp today announced his resignation, just days after he hailed the “historic” merger of the company’s steelmaking business with Tata Steel.
In a move that came as a surprise, the company announced that Heinrich Hiesinger has asked the Supervisory Board of the company to end his mandate as CEO of Thyssenkrupp AG “in mutual agreement”.
Today I informed the Supervisory Board that I would like to step down from my position as CEO of Thyssenkrupp. I take this step very consciously to enable a fundamental discussion in the Supervisory Board on the future of Thyssenkrupp.
A joint understanding of Board and Supervisory Board on the strategic direction of a company is a key pre-requisite for successfully leading a company, he said. Read More
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