Thyssenkrupp's Merz drops SAF Holland chairwoman role
26/09/2019 09:56
FRANKFURT, Sept 26 (Reuters) - Thyssenkrupp TKAG.DE
Supervisory Board Chairwoman Martina Merz has resigned as head
of the steering committee of automotive supplier SAF Holland
SFQN.DE , ahead of efforts to make her chief executive of the
stricken steel-to-elevators conglomerate.
Thyssenkrupp late on Tuesday said it would seek talks with
current CEO Guido Kerkhoff to terminate his contract, adding
that Merz would replace him on an interim basis. urn:newsml:reuters.com:*:nL5N26F6W5
By dropping her mandate as chairwoman of SAF Holland, Merz
is preempting criticism over the amount of board seats she holds
at other listed firms as CEO-designate of Thyssenkrupp, a task
seen as extremely challenging and time-consuming.
She will remain a member of SAF Holland's board of
directors, SAF Holland said, adding that Vice Chairman Martin
Kleinschmitt will take over her duties.
Apart from Thyssenkrupp and SAF Holland, Merz, 56, also sits
on the steering committees of German airline Lufthansa
LHAG.DE , Swedish truck maker Volvo VOLVb.ST and French
roofing business Imery SA IMTP.PA .
(Reporting by Christoph Steitz, editing by Riham Alkousaa)
((christoph.steitz@thomsonreuters.com; +49 69 7565 1269;
Reuters Messaging:
christoph.steitz.thomsonreuters.com@reuters.net))