Martina Merz seeking to step down as Thyssenkrupp CEO (updated)
24/04/2023 13:31
(Adds context)
April 24 (Reuters) - Martina Merz is seeking to step
down from her position as Thyssenkrupp's TKAG.DE chief
executive, the German industrial group said on Monday, without
giving a reason for the move.
The group's supervisory board decided to recommend Norma
Group NOEJ.DE CEO Miguel Angel Lopez Borrego to succeed Merz,
the company added.
Shareholder pressure on Merz had been mounting in recent
months over a turnaround of the sprawling conglomerate that was
seen as too slow and not far-reaching enough.
Shares in Thyssenkrupp were down 6.71% after the
announcement.
(Reporting by Tristan Veyet in Gdansk and Christoph Steitz,
Editing by Friederike Heine)
((Tristan.Chabba@thomsonreuters.com;))