Ulrich Lehner bows out: the crisis of ThyssenKrupp is gaining momentum: chairman of the supervisory board | TIME ONLINE



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Essen (AP) – After the surprising resignation of ThyssenKrupp boss Heinrich Hiesinger, the industrial group faces another important departure.

Ulrich Lehner (72) will resign from his tenure as Chairman of the Supervisory Board of Thyssenkrupp [194559006] AG with effect from July 31, 2018, Dax announced Monday evening. The Supervisory Board will decide shortly on the succession of Lehner.

The Thyssenkrupp crisis, which began with the resignation of Hiesinger in early July, worsens. Meanwhile, CFO Guido Kerkhoff now runs the company. Hiesinger had stated on his resignation that he "deliberately took this step to allow a fundamental discussion within the Supervisory Board on the future of ThyssenKrupp".

Lehner on Monday called the message of the lack of confidence of major shareholders as the reason for his departure. The Supervisory Board of did not give a common understanding of the strategic direction. In particular, the Swedish financial investor Cevian had accumulated pressure, which does not go far enough for the reorganization efforts of ThyssenKrupp.

His decision should help to "create the necessary awareness among all concerned that a break in the business and the loss of many jobs that results from it is not an option – nor in the # 39; interest of the founder nor in the interest of our country ". sure.

IG Metall was appalled by the retirement of the head of the supervisory board. "This must be the last call to discipline of all participants," said Knut Giesler, regional director of the state of North Rhine-Westphalia. The company can not rest, while the rest is exactly what it urgently needs now, the unionist said.

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 measures "which can sometimes be described as psychological terror".

Hiesinger was pressured by the merger of ThyssenKrupp's steel division with Indian rival Tata, as shareholders such as US hedge fund Elliott or Cevian demanded more speed in the long-overdue restructuring of the Ruhr group . Hiesinger recently completed the merger of the Thyssen steel mill with Tata's European operations. Shortly after, he announced that he would present a revised strategy.

The head of the company committee Wilhelm Segerath had warned against the pressures exerted by the shareholders during the reorientation against a mbadive sale. He sees the danger that the rest of the group will be broken by financial investors.

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