ThyssenKrupp Industrial Solutions' CEO resigns

Jens Michael Wegmann informed the Executive Board of thyssenkrupp AG this week that he is standing down as CEO of the Industrial Solutions business area with immediate effect and leaving the company

The Executive Board thanked Mr Wegmann for his work at the company.  "We thank Jens Michael Wegmann for his outstanding work. With his comprehensive transformation program planets he has strategically realigned thyssenkrupp Industrial Solutions and started to focus the business area more strongly on customers and markets."

Stefan Gesing, CFO of Industrial Solutions, will assume Jens Michael Wegmann's duties and serve as chair of the business area board on an acting basis. The Group will decide on a permanent successor in a structured process.