Thyssenkrupp CEO Steps Down Days After Tata Steel Merger


Thyssenkrupp CEO Steps Down Days After Tata Steel Merger

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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