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After the surprise resignation of Thyssenkrupp CEO Heinrich Hiesinger, Chairman of the Supervisory Board Ulrich Lehner also resigned from his tenure at Thyssenkrupp AG and warned that the group would be destroyed.
09.34, July 17, 2018
After the surprising resignation of the boss of Thyssenkrupp Heinrich Hiesinger the German industrial group is facing a another important departure. Ulrich Lehner (72) will resign as Chairman of the Supervisory Board of Thyssenkrupp AG with effect from July 31, 2018 and resign from the Supervisory Board, Dax Group announced Monday night.
The management crisis in Thyssenkrupp, which began with the resignation of Hiesinger in early July. Meanwhile, the financial director Guido Kerkhoff runs the company. Hiesinger had stated in his resignation, that he "deliberately took this step to allow a fundamental discussion at the Supervisory Board on the future of ThyssenKrupp."
"lack of confidence"
Lehner said in the release Monday the lack of confidence of major shareholders as a reason to leave. A joint agreement within the Supervisory Board on Strategic Alignment was no longer given. In particular, the Swedish financial investor Cevian had put pressure and the reconstruction efforts of Thyssenkrupp did not go far enough.
His decision was aimed at "sensitizing all concerned stakeholders to the collapse of the company and to the loss of business Many jobs are not an option – neither in the company nor the company. 39, interest of the founder or in the interest of our country, "says Lehner.
No successor yet
Thyssenkrupp announces that the Supervisory Board will soon decide the successor Lehner Lehner resigns at the end of the month The Krupp and Cevian Foundation initially received no comment Elliott declined to comment
Already last week, Lehner had strongly criticized individual investors.They did a lot to destabilize the industrial goods company and Hiesinger , criticized the chairman of the supervisory board in an interview Some shareholders have taken ways that can be described as a psychological terror.
Hiesinger was pressured into the merger of the steel division of ThyssenKrupp with the Indian competitor Tata, because the shareholders appreciate the American hedge fund Elliott or Cevian. Tempo had called for the long-overdue restructuring of the Ruhr Group. It is only recently that Hiesinger has completed the Thyssen steel mill merger project with the European activities of the Indian competitor Tata. Shortly after, Hiesinger announced his intention to present a revised strategy
The company committee Wilhelm Segerath had warned against a boycott of the pressures exerted by the shareholders. He sees the danger that the rest of the group will be broken by financial investors.
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