a day ago
Thyssenkrupp CEO gets new 5-year contract
FRANKFURT, June 20 (Reuters) - Thyssenkrupp ( opens new tab CEO Miguel Lopez received a new five-year contract, the German conglomerate said on Friday, adding it planned an extraordinary general meeting on August 8 to let shareholders approve the planned listing of its defence unit.
Thyssenkrupp did not say whether the vote on the contract extension until May 31, 2031, had required the casting vote of Supervisory Board Chairman Siegfried Russwurm, after his deputy earlier this year announced opposition to the plan.
"The group is undergoing a challenging and urgently needed transformation process, in which reliability, leadership and clear priorities are of the essence," Russwurm said.
"The extension of Miguel Lopez's contract is an expression of our confidence in his leadership and our conviction that clear orientation and continuity along the chosen path are crucial to the further progress and future of Thyssenkrupp."
