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Thyssenkrupp names finance chief Guido Kerkhoff as interim CEO

Hiesinger quit after failing to win unanimous shareholder backing for a deal to create a steel joint venture with India's Tata Steel

Reuters  |  Frankfurt 

Thyssenkrupp named Chief Financial Officer Guido Kerkhoff as interim CEO on Friday while the supervisory board searches for a replacement for Heinrich Hiesinger, who resigned a week ago. Hiesinger quit after failing to win unanimous shareholder backing for a deal to create a steel joint venture with India's Tata Steel, while activist investors are campaigning to restructure the industrial group. Activist investor Cevian Capital, which holds an 18 percent stake, and peers Elliott have called for an across-the-board strategy review at the Essen-based industrial conglomerate ...

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First Published: Fri, July 13 2018. 15:08 IST
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