Merz to continue as ceo of thyssenkrupp

Martina Merz, who has been acting ceo at thyssenkrupp AG, will stay in that position for an extended period, Kallanish learns from the group.

Merz transferred to the position from the supervisory board of the conglomerate last year, following the ousting of Guido Kerkhoff, who had succeeded Heinrich Hiesinger only a year earlier. The latest decision, communicated in an ad-hoc announcement late Friday, comes as a move in the interest of a necessary stability at the troubled conglomerate. The new ceo will be in the role for a three-year term starting 1 April 2020.

Merz will resign from the supervisory board following the appointment. Furthermore, Johannes Dietsch is stepping down from the executive board effective March 31. His successor as chief financial officer will be Klaus Keysberg who will remain responsible for the steel/materials businesses in addition to his new role.