Germany: Thyssenkrupp Announces Structural Changes Thyssenkrupp Undergoes Transformation Process

Editor: Alexander Stark

Thyssenkrupp is continuing its transformation program by reorganizing the management structure of its Steel Europe and Industrial Solutions business areas.

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Thyssenkrupp announced the reorganization of the management structure of its Steel Europe and Industrial Solutions business areas.
Thyssenkrupp announced the reorganization of the management structure of its Steel Europe and Industrial Solutions business areas.
(Picture: thyssenkrupp)

Essen/Germany – The organizational changes announced by Thyssenkrupp are intended to put customers and markets more firmly at the center.

In addition, numerous changes of personnel in the company's leadership team are part of the company's transformation process. A gradual transition to a younger generation is being ushered in at several operating units. At the same time the Group's regional organization is being internationalized further.

Reorganization at Industrial Solutions

Jens Michael Wegmann (50), CEO of the Industrial Solutions business area, is currently reorganizing the Group's plant engineering operations as part of the transformation program "planets". The aim is to secure growth, enhance performance, focus more strongly on customers, markets and high-margin service business, and drive culture change within the business area.

In addition, Johan P. Cnossen (56) from the Netherlands will join the leadership team of Industrial Solutions and manage the transformation office for the implementation of "planets". In this newly created function he will report directly to CEO Wegmann.

New Management Board at Marine Systems

Tilo Quink (45), currently Regional CEO in China, will join the management board of Thyssenkrupp Marine Systems on August 1, 2016. Torsten Könker (52), currently responsible on the board for compliance, project strategy and quality management, is resigning his position on September 30, 2016 to take up another responsible function elsewhere in the Group. Dr. Walter Klausmann (64), CHRO of thyssenkrupp Marine Systems, will enter retirement on September 30, 2016. He will be succeeded by Dr. Sabine Maaßen (50), who will join the board on September 1, 2016.

Generational Change

New CEO for System Engineering Ingo Steinkrüger (43) will be appointed new CEO of Thyssenkrupp System Engineering effective July 1. He will succeed Bernd Becker (61), who is entering retirement at his own request.

In the future CEO Andreas Goss (52) will additionally be responsible for markets and sales. From October 1, 2016 board member Dr. Heribert Fischer (54) will assume responsibility for rolling and coating operations and research and development at Steel Europe and Steel Americas. Dr. Herbert Eichelkraut (60), whose contract runs until the end of the year, will take on responsibility for pig iron and raw steel production at Steel Europe and Steel Americas. He will be succeeded on January 1, 2017 by Arnd Köfler (49), currently head of rolling and coating at the Beeckerwerth plant. Dr. Eichelkraut will remain available to the company in an advisory role.

Contract Extensions for Business Area Board Members

The contracts of business area board members Carsten Evers (52) and Ercan Keles (45), CFOs of the Components Technology and Elevator Technology business areas respectively, have each been extended until March 31, 2022. The contract of Dr. Hans Christoph Atzpodien (61), member of the Industrial Solutions business area board, has also been extended, until June 30, 2018.

New CEOs for China and India

Dr. Yan Gao (52) will become CEO of the company's regional headquarters in China on August 1, 2016. Tilo Quink (45), who has established and headed this office since April 2013, is returning to Germany to join the management board of Marine Systems.

The further internationalization of the top management will also see a change at the regional headquarters in India. Ravi Kirpalani (57) will become regional CEO on July 1, succeeding Dr. Michael Thiemann (69), who is retiring after more than 35 years in management.

New CEO for the Aerospace Business

Effective June 1, 2016, Laura A. Holmes (45) will take over as CEO of the Aerospace operating unit in the Materials Services business area. Most recently she was managing director of Pratt & Whitney Aero Engines International in Switzerland, Germany and the Netherlands. She succeeds Jürgen Funke (54), who is returning to the USA to manage special projects. Jürgen Funke has been CEO of the Aerospace operating unit for five years.

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