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Thyssenkrupp CEO has a year for Crucial Decisions

Steel News - Published on Thu, 23 Jan 2020

Image Source: economist.com
German weekly Die Zeit reported that Thyssenkrupp CEO Ms Martina Merz plans to take all the major decisions required to revive the ailing engineering group during planned one-year tenure. Ms Merz said “My secondment to the management board is scheduled for one year. By then, all the essential decisions for the turnaround will have been made.”

Ms Merz, who served as Thyssenkrupp chairwoman before she was appointed CEO last year for 12 months as an emergency measure, has scrapped the group’s dividend and has asked investors for patience while she decides on other necessary steps.

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Posted By : Rabi Wangkhem on Thu, 23 Jan 2020
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