Executive Board plans for the realignment of the Group

16 May 2019

Recently, the Executive Board presented its plans for the realignment of the company to the Strategy, Finance and Investment Committee of the Supervisory Board. In the course of the meeting, the Committee unanimously approved the Executive Board's recommendations on the realignment of the Group. Part of the approval is a basic agreement between the Executive Board and IG Metall on the strategic realignment of the Group. The agreement lays out the key principles for the future-oriented management of the thyssenkrupp Group and sets the framework for responsible implementation of the new strategy.

The Executive Committee of the Supervisory Board also dealt intensively with the Executive Board's new strategy and, together with the Strategy, Finance and Investment Committee will therefore recommend to the Supervisory Board to approve thyssenkrupp's realignment at its meeting on May 21.

The Executive Board's new strategy is to build a fundamentally new thyssenkrupp. The entrepreneurial freedom of the individual businesses is to be improved and the flexibility of the businesses increased. At the same time, the elevator business is to be listed on the stock exchange via an Initial Public Offering (IPO).