Thyssenkrupp CEO tells staff it must regain investor confidence

thyssenkrupp nucera AG & Co KgaA

08/01/2024 11:34

DUESSELDORF, Jan 8 (Reuters) - Thyssenkrupp's  TKAG.DE 
CEO has told employees that it must redouble efforts to regain
investor trust in order to protect jobs and investment as it
moves ahead with a restructuring.
    Miguel Lopez made the comments in an internal message,
highlighting the German conglomerate's difficulties in reviving
its share price, which has lost around 5% since he took over as
CEO in June and is down around 10% over the past two months.
    Thyssenkrupp last year successfully listed its hydrogen
business Nucera  NCH2.DE , but delayed efforts to divest its
steel and marine divisions have been weighing on its shares.
    "We need to get stock exchanges and financial markets more
enthusiastic about us again. Only then can we invest more and
keep jobs secure in the long term," Lopez said.
    Lopez said in the memo, which was seen by Reuters, that he
would therefore meet investors in the U.S. this week, without
giving further details. 
    Thyssenkrupp's calendar lists the Commerzbank und ODDO BHF
German Investment Seminar in New York for the week of Jan. 8.  

 (Reporting by Tom Kaeckenhoff and Christoph Steitz;
Editing by Alexander Smith)
 ((christoph.steitz@thomsonreuters.com; +49 30 220 133 647;))