Following on from Dr. Heinrich Hiesinger’s decision to step down as CEO of thyssenkrupp AG, the company’s supervisory board has announced that Guido Kerkhoff has been appointed chairman of the executive board, a position he will hold until a successor to Dr. Hiesinger has been found.

“The members of the Supervisory board agree that thyssenkrupp needs stability and continuity above all in order to successfully continue on the path of transformation it has embarked on. Guido Kerkhoff has the full confidence of the supervisory board for this, said Prof. Dr. Ulrich Lehner, chairman of the supervisory board of the company.

When Dr. Hiesinger informed the supervisory board of his decision to step down, he commented: “I take this step very consciously to enable a fundamental discussion in the supervisory board on the future of thyssenkrupp.”