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Thyssenkrupp elevator's COO poised to succeed unit's CEO: sources

Reuters  |  FRANKFURT 

(Reuters) - is likely to appoint company veteran to succeed as the chief executive of its elevators unit, two people familiar with the matter told on Tuesday.

No official decision has been made and other candidates could still be considered for the position, the people added. Sources on Monday said that Schierenbeck would be replaced.

declined to comment. Schierenbeck and Walker, who became chief operating officer of the unit in February, could not immediately be reached for comment.

Walker, who grew up in Sydney, joined the group in 1995.

The move underscores efforts by new group to improve performance at all of Thyssenkrupp's divisions, faced with the ambitious task of spinning off the conglomerate's capital goods businesses over the next 12 to 18 months.

The management reshuffle at elevators comes only weeks after a similar revamp at the group's plant engineering division.

Selling elevators is Thyssenkrupp's most profitable business, but margins are behind Finland's rival and the unit had to cuts its outlook twice this year.

(Reporting by and Christoph Steitz; editing by and Maria Sheahan)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, November 06 2018. 18:39 IST