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Stock impact report

Thyssenkrupp Steel CEO Departs Amid Dispute Over Unit Cuts [Yahoo! Finance]

THYSSENKRUPP AG S/ADR (TKAMY) 
NASDAQ:AMEX Investor Relations: thyssenkrupp.com/en/investors
Company Research Source: Yahoo! Finance
Most Read from Bloomberg Turkey Plans Istanbul Taxi Surge to Tackle Complaints Dense Cities With Low Emissions Suffer Most From Air Pollution, Study Finds Intergenerational Housing Could Help Older Adults Combat Loneliness As Rural Hospitals Shutter Maternity Wards, Urban Ones Follow A Loud Warning From the Past About Living With Cars Bernhard Osburg, CEO of Thyssenkrupp Steel Europe AG, will depart the company, as will Sigmar Gabriel, head of the supervisory board. Gabriel said Thursday that the parent company undermined Osburg in a “serious breach of trust.” The steel unit's chief technology officer, Dennis Grimm, will take over as interim CEO of the unit. The moves come after a weeks-long tussle between executives and worker representatives over efforts to lower steel-making capacity and restructure the business. The discussions have been part of a long-pursued sale to Czech billionaire Daniel Kretinsky, who has already acquired 20% of the company and is in talks to Show less Read more
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