Overview
- Thyssenkrupp Steel’s supervisory board named Marie Jaroni CEO with immediate effect, replacing Dennis Grimm after his contract was mutually dissolved, marking the first time a woman leads the unit.
- Jaroni previously ran sales and the green transition, and the appointment drew endorsements from supervisory board chair Ilse Henne and union vice chair Knut Giesler.
- The company extended the terms of Jaroni and CFO Philipp Conze by five years to 2030 to reinforce management continuity.
- The steelmaker confronts low prices, cheaper Asian imports and excess capacity, and it is executing a restructuring that targets about 16,000 jobs by 2030 following a collective agreement Jaroni helped negotiate.
- Thyssenkrupp is in talks to sell the division to India’s Jindal Steel, while sales leadership shifts temporarily to Georgios Giovanakis and Wilfried von Rath succeeds departing HR chief Dirk Schulte.