Sources reveal Thyssenkrup’s chairperson candidates

Thyssenkrup, the German steel company, is edging closer to selecting its chairperson, sources close to the matter informed Reuters.

Two of the sources claimed that discussions are currently undergo with a potential candidate.

The position has been vacant since last month when Ulrich Lehner resigned from the role.

The firm’s new chairperson will be selected by the five-member nomination committee.

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The chairperson will be responsible for appointing a new Chief Executive Officer for Thyssenkrup, replacing Heinrich Hiesinger, who also resigned in July.

Following his resignation, the CEO role has temporarily been filled by Guido Kerkhoff, the firm’s Chief Financial Officer.

It is anticipated that Siegfried Russwurm, a rumoured candidate and Member of the Managing Board at Siemens, will not be allocated the position, a source stated.

Whoever fills the role will need approval from Thyssenkrup’s 20-seat supervisory board – of which Alfried Krupp von Bohlen and Halbach Foundation, the company’s two largest shareholders, hold three seats.

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