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FRANKFURT (Dow Jones) – Staff disputes in ThyssenKrupp after the dispute over a possible destruction of the technology group continues. Chairman of the Supervisory Board Ulrich Lehner will step down at the end of the month, as announced by the DAX Group. Lehner wants to withdraw completely from the control committee. The Supervisory Board wishes to make a decision on a successor "in the short term".
Lehner justifies his resignation by the fact that there is no longer any consensus within the supervisory board on the strategic direction of the company. With his resignation, he wants to facilitate shareholders' discussion about Thyssen's future. For him, the breakup of the industrial group and the resulting loss of many jobs is not an option – "neither in the interests of the founder nor in the interest of our country" . Lehner has been a member of the supervisory board of Thyssenkrupp for about ten years and is the chairman since 2013.
CEO Heinrich Hiesinger resigned a little over a week ago because apparently he no longer felt sufficiently supported by his supervisory board. Hiesinger had called different points of view on the strategic direction of the company as a reason to leave. Meanwhile, CFO Guido Kerkhoff has temporarily moved to the top of the business.
After the entry of the American hedge fund Elliott, the industrial group split requests were raised. The Swedish investor Cevian supports the idea of a split. On the other hand, the main shareholder of ThyssenKrupp, Krupp-Stiftung, recently pronounced against the dismantling of the industrial group.
Contact's author: [email protected]
DJG / jhe / mgo
(END) Dow Jones Newswires
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