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Thyssenkrupp shareholder criticises CEO, demands restructuring

Reuters  |  FRANKFURT 

FRANKFURT (Reuters) - A major shareholder in Thyssenkrupp has criticised Chief Executive Heinrich Hiesinger for failing to achieve his own profit targets, raising tensions before the German industry group's annual meeting next Friday.Swedish investor Cevian reiterated its call to restructure Thyssenkrupp, in which it controls an 18 percent stake, piling pressure on Hiesinger as he tries to complete a merger of its steel business with that of India's Tata Steel."Thyssenkrupp is not developing in the way we expected. Something has to change in the structure of the business," Lars Foerberg, ...

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First Published: Sat, January 13 2018. 23:58 IST