Thyssenkrupp board backs split, confirms Kerkhoff as CEO - Dealers Care

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Monday, 1 October 2018

Thyssenkrupp board backs split, confirms Kerkhoff as CEO

FRANKFURT (Reuters) - Thyssenkrupp said on Sunday that its supervisory board had unanimously approved plans to split the conglomerate in two, paving the way for the group's largest restructuring in decades. Approval for the move, first announced on Thursday, was widely expected after the company's two largest shareholders - the Alfried Krupp von Bohlen und Halbach foundation and Cevian - and labour representatives expressed their support

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