Thyssenkrupp Board Supports Company Split, New CEO - News Summed Up

Thyssenkrupp Board Supports Company Split, New CEO


BERLIN—Germany’s Thyssenkrupp AG said Sunday that its current interim Chief Executive Guido Kerkhoff will remain in the role, as the group’s supervisory board approved his plan to split the steel conglomerate into two separately listed companies. The steel conglomerate’s supervisory board in a meeting Sunday unanimously approved the plan presented last week by Mr. Kerkhoff to divide Thyssenkrupp into to independently-traded companies—one comprising the company’s materials operations and the other the group’s capital goods...


Source: Wall Street Journal September 30, 2018 14:48 UTC



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