Heinrich Hiesinger's Mandate as CEO of Thyssenkrupp AG ends

Dr. Heinrich Hiesinger had asked the Supervisory Board to end his mandate as the CEO of Thyssenkrupp AG in mutual agreement. This is what Dr. Heinrich Hiesinger and the Supervisory Board agreed.

Prof. Dr. Ulrich Lehner, Chairman of the Supervisory Board of thyssenkrupp AG: “The Supervisory Board would like to thank Heinrich Hiesinger for everything he achieved in the past years for Thyssenkrupp. In the last seven years, he kept the company from its demise and changed it sustainably. During his time he created the basis for Thyssenkrupp to exist as a strong industrial company in accordance with the principles of the foundation. With his work, he has fulfilled the promise he gave Berthold Beitz. His decision at his point in time deserves our highest esteem and respect.”

The Supervisory Board has asked the Board, Guido Kerkhoff, Oliver Burkhard and Dr. Donatus Kaufmann to lead without a Chief Executive Officer for the time being. The succession for Dr. Heinrich Hiesinger as Chief Executive Officer will be conducted in a structured process.

Prof. Dr. Lehner: “In this tough situation for the company it is now initially about staying on course. The Board has a strategy to further develop the group, which is agreed with the Supervisory Board. This includes the realization of the steel joint venture. For this we reached an important milestone with the signing. For all other Business Areas there are clear, externally communicated targets, which the company will continue working towards.”

Source: Thyssenkrupp AG

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