thyssenkrupp AG's Supervisory Board has unanimously approved the appointment of Miguel Ángel López Borrego as the new CEO, commencing from June 1, 2023. López Borrego, an internationally experienced manager with profound industry and financial expertise, is set to lead the company for the next three years. This decision follows the request made by Martina Merz, the predecessor, to terminate her employment contract, leading to the dissolution of the contract by mutual consent on May 31, 2023.Professor Siegfried Russwurm, Chairman of the Supervisory Board, expressed sincere appreciation for Martina Merz's remarkable dedication to thyssenkrupp during a challenging global economic climate. He acknowledged her meticulous management of the necessary reorganization process and commended her strategic prudence. With the appointment of Miguel Ángel López Borrego, thyssenkrupp has acquired a leader of international repute, equipped with extensive industry and financial knowledge. The Supervisory Board eagerly anticipates collaborating with Mr. Lopez to confront the current challenges and advance the ongoing transformation process.With Miguel Ángel López Borrego as the new CEO, thyssenkrupp AG looks forward to a new chapter marked by dynamic leadership, bold decision-making, and sustainable growth. The appointment of López Borrego heralds a period of strategic transformation, underpinned by the company's renowned technological prowess, and paves the way for a future defined by innovation, resilience, and global competitiveness.
thyssenkrupp AG's Supervisory Board has unanimously approved the appointment of Miguel Ángel López Borrego as the new CEO, commencing from June 1, 2023. López Borrego, an internationally experienced manager with profound industry and financial expertise, is set to lead the company for the next three years. This decision follows the request made by Martina Merz, the predecessor, to terminate her employment contract, leading to the dissolution of the contract by mutual consent on May 31, 2023.Professor Siegfried Russwurm, Chairman of the Supervisory Board, expressed sincere appreciation for Martina Merz's remarkable dedication to thyssenkrupp during a challenging global economic climate. He acknowledged her meticulous management of the necessary reorganization process and commended her strategic prudence. With the appointment of Miguel Ángel López Borrego, thyssenkrupp has acquired a leader of international repute, equipped with extensive industry and financial knowledge. The Supervisory Board eagerly anticipates collaborating with Mr. Lopez to confront the current challenges and advance the ongoing transformation process.With Miguel Ángel López Borrego as the new CEO, thyssenkrupp AG looks forward to a new chapter marked by dynamic leadership, bold decision-making, and sustainable growth. The appointment of López Borrego heralds a period of strategic transformation, underpinned by the company's renowned technological prowess, and paves the way for a future defined by innovation, resilience, and global competitiveness.
