ThyssenKrupp appoints Premal Desai as CEO to head steel business restructuring – Yahoo News

New Delhi [India], June 15 (ANI): German multinational conglomerate ThyssenKrupp AG has appointed Premal Desai as the new Chief Executive Officer for its steel division to oversee the restructuring of business after the collapse of a proposed joint venture with Tata Steel in Europe.

Desai has been Chief Financial Officer of ThyssenKrupp Steel Europe AG since 2015 and was previously Head of Strategy at ThyssenKrupp AG.

Guido Kerkhoff, CEO of ThyssenKrupp AG, said: “We are pleased that we have appointed a new steel board member from our own ranks. Our steel business is facing major challenges. We have now put together a strong team that will tackle the tasks at hand quickly and develop a sustainable strategy for steel following the cancellat…

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