While German steelmaker ThyssenKrupp claims that a structured process is underway to fill the positions of chairman and CEO following the resignation and departure of Heinrich Hiesinger and Ulrich Lehner, investors are arguing that the search shouldn’t take more than two to three months. Any longer, it is claimed, might delay restructuring efforts.
According to an online report by Euronews.com, there are few experienced candidates suitable and available for the chairmanship role, citing possible position holders such as Siemens CEO Joe Kaeser and Linde’s chairman Wolfgang Reitzle – both of whom are said to be busy.
The EuroNews report claims that Airbus CEO Tom Enders was approached for the chairman role, but declined it; he steps down at Airbus in 2019. It also says that Siegfried Russwurm, formerly of Siemens and now on the shareholders committee of Voith, has been mentioned as a candidate for both roles at ThyssenKrupp.