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Thyssenkrupp boss Heinrich Hiesinger throws sponge under pressure from growing criticism from investors. He had asked the Supervisory Board to discuss the amicable dissolution of his term as Chairman of the Board of Directors, the Essen Group said Thursday. The control body will meet Friday to decide.
The 58-year-old man is at the head of the group since the beginning of 2011 and still has a contract until 2020. The largest shareholder Cevian, the US hedge fund Elliott and D & # 39; other investors
"I deliberately do this not to allow a fundamental discussion within the Supervisory Board on the future of ThyssenKrupp," Hiesinger explained. "A common understanding of the Management Board and the Supervisory Board on the strategic direction of the company is a prerequisite for the success of corporate governance," he added. According to internal sources, the supervisory board was no longer closed behind him. "Without Heinrich Hiesinger, Thyssenkrupp would no longer exist," says the chairman of the supervisory board Ulrich Lehner, considered until recently as a kind of boss of Hiesinger. Hiesinger was transferred in 2010 from Siemens to the conglomerate of the Ruhr region. Under his leadership, the group managed to think outside the box after the billion dollar disaster in the US steel industry. The director of a farmer's family recently had little luck. His joint venture with Tata Steel, considered a release, lasted more than two years before its creation a few days ago. On the market, this has not generated any enthusiasm. Friday's discussions on the Supervisory Board should therefore be purely formal.
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