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The CEO of the German industrial giant Thyssenkrupp yesterday announced his resignation, a few days after hailing the company's "historic" merger of steel with Tata Steel.
In a move that was a surprise, the company announced that Heinrich Hiesinger has asked the Supervisory Board of the company to terminate his term as Chief Executive Officer of Thyssenkrupp AG "by mutual agreement" .
Hiesinger said: "Today, I informed the Supervisory Board that I would be leaving my post As CEO of Thyssenkrupp, I am taking this decision very carefully to allow for a fundamental discussion within the Supervisory Board on the future of Thyssenkrupp. "
A common understanding of the board of directors and the supervisory board on the strategic direction of a company is preponderant. He added, "The joint venture of our steel operations with Tata is the next important step in turning Thyssenkrupp into a strong test company, and we can be proud of what we have achieved so far. [19659002] "For this I would like to thank all employees.They are the most valuable capital of Thyssenkrupp."
Tata Steel's 50-50 joint venture with German Thyssenkrupp created the second largest company European iron and steel industry after ArcelorMittal of Lakshmi Mittal. The JV combines the European steelmaking activities of the Indian steelworks with the German company to create Thyssenkrupp Tata Steel BV. Ulrich Lehner, chairman of the supervisory board, congratulated the outgoing CEO and said that the board of directors, under the direction of Hiesinger, released Thyssenkrupp from the new steel company. an "existential crisis" and prepared the company in the future by implementing the strategy agreed by the Supervisory Board.
"Without Heinrich Hiesinger, there would be no Thyssenkrupp today. I am deeply grateful for what he has achieved and especially for the way he has achieved this: intelligent, modest, consistent; with foresight and social responsibility and always in the interest of our customers, employees and shareholders. "19459004] The supervisory board will meet tomorrow to discuss and decide on Heinrich Hiesinger's claim," said Thyssenkrupp.
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