Overview

• An extraordinary supervisory board meeting on June 20 will formally extend López’s contract beyond its May 2026 expiry
• The same meeting will address the spin-off of ThyssenKrupp Marine Systems and propose an extraordinary shareholder vote
• Employee representatives have criticized López’s management and demand assurances against compulsory redundancies and site closures
• The broader plan reconfigures ThyssenKrupp into a holding company with five independent businesses, including a 50/50 joint venture for its steel arm with EP Group
• The group posted a €1.5 billion loss in the 2023/24 fiscal year driven by weak demand, high energy costs and global competition