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New CEO for Thyssenkrupp

Change at the Top at Thyssenkrupp India

| Editor: Anke Geipel-Kern

Thyssenkrupp India is to appoint a new CEO. Indian-born Ravi Kirpalani succeeds Dr. Michael Thiemann, who has been responsible for the region since May 2013.

Mumbai – Thyssenkrupp India changes the top of the company. Indian-born Ravi Kirpalani will join thyssenkrupp India on the 14th of March 2016 and take charge as the CEO of the Regional Headquarters of thyssenkrupp India effective July 1, 2016., Kirpalani's last role was the Managing Director of Castrol India Ltd. Prior to joining thyssenkrupp he spent over 16 years at BP where he held a number of roles in India and in the UK. He will provide ongoing support for the strategic development of all thyssenkrupp's business in India.

He succeeds Dr. Michael Thiemann, who has been responsible for the region since May 1, 2013 and previously held various management functions at thyssenkrupp Uhde GmbH over a period of more than 35 years, including member of the Management Board and CEO.

India is currently the third most important market in Asia for thyssenkrupp. In fiscal 2014/15 the Group generated sales of around EUR 560 million in the country and employed almost 6,000 people at local companies.

The company offers a broad range of products in India and manufactures many of our capital goods locally. thyssenkrupp India's activities are coordinated at the Regional Headquarters in Mumbai.

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