Germany's Thyssenkrupp ends leadership vacuum, paves way for split - Dealers Care

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Monday, 1 October 2018

Germany's Thyssenkrupp ends leadership vacuum, paves way for split

By Christoph Steitz and Tom Kckenhoff ESSEN/DUESSELDORF (Reuters) - Thyssenkrupp acted to end its leadership and strategy crisis on Sunday, as its supervisory board filled its two top management posts and approved plans to split the German conglomerate in two. The move follows months of turmoil at the elevators-to-submarines group, including a profit warning and pressure from activist shareholders Cevian and Elliott, and paves the way for the company's largest restructuring in decades

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