You are here: Home » International » News » Companies
Business Standard

Thyssenkrupp faces pressure from investors to find new chairman by Sept

The search for chairman is being handled by the 5-member nomination committee of Thyssenkrupp's supervisory board

Reuters  |  Frankfurt/Duesseldorf 

Thyssenkrupp should come up with a candidate for the vacant post of chairman by no later than September, two investor sources said, concerned that a lengthy search might further delay restructuring efforts at the German conglomerate. Thyssenkrupp has been without both a CEO and chairman since Heinrich Hiesinger and Ulrich Lehner resigned last month, throwing the elevators-to-submarines group into crisis at a time of mounting shareholder pressure over strategy. The resignations of the two senior figures at the company reflect a power struggle among Thyssenkrupp's management ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Mon, August 20 2018. 20:40 IST