Overview
- People familiar with the matter say the presidium of the supervisory board has reached a preliminary decision to seek Grimm’s contract termination, while the company declined to comment.
- Reports of a personal rift between group CEO Miguel López and Grimm were dismissed by supervisory-board sources, who cited performance and leadership concerns instead.
- HR chief Dirk Schulte recently resigned for personal reasons in what insiders describe as an unfortunate timing coincidence with the planned change at the top.
- Talks with India’s Jindal Steel International over a potential sale of the steel unit remain at a non‑binding, early stage as major hurdles persist, including multibillion pension obligations, costly decarbonisation and uncertainty around the HKM plant.
- Labor sources say transformation executive Marie Jaroni has emerged as a potential successor after helping negotiate a restructuring plan that foresees about 11,000 job cuts or outsourcing by 2030 as the unit grapples with weak demand, high energy costs and Asian imports.