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Thyssenkrupp Leadership Changes and Board Expansion


By Helena Smolak

Thyssenkrupp, the industrial group, has recently made significant leadership changes and expanded its executive board to enhance its strategic goals and improve performance.

New CFO Appointment

Jens Schulte, currently serving as the CFO at Schott AG, has been appointed as the new Chief Financial Officer of Thyssenkrupp. He will take over from Klaus Keysberg in the second half of the financial year. Keysberg, who announced his retirement in early September, will transition out of the role.

Expansion of Executive Board

Thyssenkrupp has decided to expand its executive board from three to five members. Two new members, Volkmar Dinstuhl and Ilse Henne, will join the board at the beginning of 2024.

Focus on Automotive and Material Services

Volkmar Dinstuhl, who previously led the dissolved Multi Tracks division, will now be responsible for the automotive business at Thyssenkrupp. Ilse Henne, a management board member at Thyssenkrupp’s Materials Trading Material Services, will oversee this division at the group level.

Operational Management and Performance

With these appointments, Thyssenkrupp aims to shift the focus of its executive board towards operational management, performance improvement, and portfolio development. The company believes that this realignment will contribute to achieving its strategic objectives effectively.

Leadership Responsibilities

Chief Executive Miguel Lopez will continue to lead the new Decarbon Technologies division and steel. Oliver Burkhard will remain as the Head of Naval Shipbuilding, retaining his position as the Human Resources Officer.

Company’s Objectives

The expanded executive board is expected to support Thyssenkrupp in strengthening its financial position and driving dividend growth. Additionally, the company will prioritize exploring opportunities arising from the green transformation and decarbonization.

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