Monday, September 10, 2012

Statement by ThyssenKrupp AG on succession to Ralph Labonte

The contract of Ralph Labonte, member of the Executive Board and Labor Director of ThyssenKrupp AG, ends on September 30, 2013, in the quarter in which he will turn 60. Due to health problems he has requested the earlier termination of his contract. For this reason the Executive Committee of the Supervisory Board of ThyssenKrupp AG has started a structured selection process.
One of the candidates is Oliver Burkhard, head of the North Rhine-Westphalia region of the IG Metall trade union. In this context, the Chairman of IG Metall, Berthold Huber, has been requested to release Oliver Burkhard in the event of a positive decision.
The Supervisory Board of ThyssenKrupp AG plans to discuss this Executive Board appointment at its next scheduled meeting on November 21, 2012.
At ThyssenKrupp 170,000 employees in around 80 countries work with passion and expertise to develop solutions for sustainable progress. Their skills and commitment are the basis of our success. In fiscal year 2010/2011 ThyssenKrupp generated sales of €49 billion.
For us, innovations and technical progress are key factors in managing global growth and using finite resources in a sustainable way. With our engineering expertise in the areas of “Material”, “Mechanical” and “Plant”, we enable our customers to gain an edge in the global market and manufacture innovative products in a cost- and resource-efficient way.

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