The exit of Gerhard Cromme as chairman of ThyssenKrupp AG after 12 years gives Chief Executive Officer Heinrich Hiesinger a free rein as he attempts to kick- start the struggling steelmaker.
ThyssenKrupp AG , Germany’s largest steelmaker, posted a 70 percent jump in fiscal second-quarter profit as demand increased, and said planned asset sales will fund growth in emerging markets.
ThyssenKrupp AG, Germany’s largest steelmaker, forecast “significantly negative” earnings in Brazil and the U.S. following project delays and cost overruns.
ThyssenKrupp AG hasn’t experienced a decline in orders, Westdeutsche Allgemeine reported, citing an interview with Chief Executive Officer Heinrich Hiesinger.
For 60 years, the name of Berthold Beitz has been synonymous with Germany’s biggest steelmaker, ThyssenKrupp AG, at first for his role in rebuilding the former arms supplier and helping it break with its Nazi past.
"We do not intend to give away our Steel Europe business."
- Heinrich Hiesinger on Nov 20, 2014