Don’t miss the latest developments in business and finance.

Thyssenkrupp CEO says resignation offer aims to spark debate about future of company

Image
Reuters BERLIN
Last Updated : Jul 05 2018 | 11:25 PM IST

BERLIN (Reuters) - Thyssenkrupp Chief Executive Heinrich Hiesinger said on Thursday his offer to resign was meant to spark a discussion on the supervisory board about the future of the company.

"A joint understanding of Board and Supervisory Board on the strategic direction of a company is a key pre-requisite for successfully leading a company," Hiesinger said in a statement.

The engineering group's steelmaking joint venture deal with Tata Steel, announced last Saturday, marks "the next significant step" to turning Thyssenkrupp into a strong industrial company, he said.

Hiesinger freed Thyssenkrupp from "an existential crisis" and made the company fit for the future, chairman Ulrich Lehner said.

(Reporting by Andreas Cremer; Editing by Mark Potter)

Also Read

First Published: Jul 05 2018 | 11:13 PM IST

Next Story