Thyssenkrupp Steel CEO Departs Amid Dispute Over Unit Cuts
- Board members, other executives also step down from steel unit
- Parent company pushed back on restructuring strategy
Bernhard Osburg
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
The chief executive officer of Thyssenkrupp AG’s steel unit will leave the company along with several supervisory board members and other top managers following a dispute over the beleaguered division’s future.
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.