Thyssenkrupp investor Elliott demands appointment of new 'external' CEO
FRANKFURT (Reuters) - Thyssenkrupp (TKAG.DE) should replace Guido Kerkhoff as chief executive with a new external candidate, activist investor Elliott Associates told the company’s supervisory board.
FILE PHOTO: Thyssenkrupp's logo is seen close to the elevator test tower in Rottweil, Germany, September 25, 2017. REUTERS/Michaela Rehle/File Photo
Kerkhoff was installed as acting chief executive following the resignation of Heinrich Hiesinger earlier this month.
Kerkhoff is only an interim solution Elliott said in a letter sent to the company’s supervisory board.
“Shareholders expect an unbiased search for a new external CEO, driven by what is best for the company and all of its stakeholders, including shareholders,” the letter, which Elliott made available on Thursday, said.
Reporting by Edward Taylor; Editing by Douglas Busvine
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