thyssenkrupp: to end CEO mandate 'shortly'

(CercleFinance.com) - German industrial group thyssenkrupp said late on Tuesday that it planned to start negotiations to end the mandate of its CEO Guido Kerkhoff "shortly.
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After the ending of Kerkhoff's mandate, supervisory board chairwoman Martina Merz shall be named as executive chairwoman on an interim basis - for a duration of up to 12 months.

Alongside this, the conglomerate's supervisory board has recommended Siegfried Russwurm be elected as chairman of the supervisory board as interim successor of Martina Merz - also for a duration of up to 12 months.

In addition, Klaus Keysberg is expected to be appointed as another member of the executive board, effective as of 1 October, being responsible for the business areas materials services and steel for Europe.

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