Thyssenkrupp board accepts CEO resignation, backs Tata Steel JV

His departure creates a power vacuum as Thyssenkrupp prepares to present a revamped strategy for the group

Thyssenkrupp will take its time to find a new boss after accepting Chief Executive Heinrich Hiesinger's resignation, a move which clears the way for a radical restructuring of the German industrial group.

The board did not appoint an interim CEO but said it had asked the remaining executives — Guido Kerkhoff, Oliver Burkhard and Donatus Kaufmann — to lead the company for now.

"In this difficult situation it is most important now for the company to remain on course," the supervisory board's Chairman Ulrich Lehner said in a statement.

Hiesinger's offer to resign, announced late on Thursday, came less than