Thyssenkrupp And Tata Steel Nearing Decision On Steel JV Board

- Dec 11, 2018-

Reuters quoted four people familiar with the matter as saying that Thyssenkrupp and Tata Steel are close to deciding who will lead their planned European steel joint venture. People said “Mr Andreas Goss, head of Thyssenkrupp’s steel unit, is the front runner to become chief executive of the combined entity, which will be Europe’s second-largest steelmaker after ArcelorMittal.”

Settling on the venture’s leadership has been delayed by a strategy crisis and change of CEO at the German industrial conglomerate, which has said it would split into two companies. The holdup has riled the Thyssenkrupp workforce. A labour leader said there would be trouble if the matter was not resolved soon.

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