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Thyssenkrupp leadership vacuum revives restructuring hopes – Business Insider


FILE PHOTO: Thyssenkrupp's logo is seen close to the elevator test tower in Rottweil, Germany, September 25, 2017. REUTERS/Michaela Rehle/File Photo
FILE
PHOTO: Thyssenkrupp’s logo is seen close to the elevator test
tower in Rottweil

Thomson
Reuters


FRANKFURT (Reuters) – Thyssenkrupp shares were indicated 3.4
percent higher early on Tuesday as analysts expect a deeper
restructuring of the German submarines-to-elevators conglomerate
after the resignation of its chairman.

Ulrich Lehner resigned on Monday saying he was no longer able to
safeguard the interests of employees and shareholders, deepening
a leadership crisis after Chief Executive Heinrich Hiesinger
resigned earlier this month. [nL8N1U91S5]

“A sharply worded resignation announcement from Dr. Lehner makes
clear that aggressive …

Read the full article at: http://uk.businessinsider.com/r-thyssenkrupp-leadership-vacuum-revives-restructuring-hopes-2018-7

Category: RestructuringBy Insolvency GuardianJuly 18, 2018

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Thyssenkrupp leadership vacuum revives restructuring hopes – Business Insider


FILE PHOTO: Thyssenkrupp's logo is seen close to the elevator test tower in Rottweil, Germany, September 25, 2017. REUTERS/Michaela Rehle/File Photo
FILE
PHOTO: Thyssenkrupp’s logo is seen close to the elevator test
tower in Rottweil

Thomson
Reuters


FRANKFURT (Reuters) – Thyssenkrupp shares were indicated 3.4
percent higher early on Tuesday as analysts expect a deeper
restructuring of the German submarines-to-elevators conglomerate
after the resignation of its chairman.

Ulrich Lehner resigned on Monday saying he was no longer able to
safeguard the interests of employees and shareholders, deepening
a leadership crisis after Chief Executive Heinrich Hiesinger
resigned earlier this month. [nL8N1U91S5]

“A sharply worded resignation announcement from Dr. Lehner makes
clear that aggressive …

Read the full article at: http://www.businessinsider.com/r-thyssenkrupp-leadership-vacuum-revives-restructuring-hopes-2018-7

Category: RestructuringBy Insolvency GuardianJuly 17, 2018

Post navigation

PreviousPrevious post:Ezra’s restructuring proposal with Asia Fund Space falls through – The Business TimesNextNext post:Liam Henderson faces uncertain future as Bari are declared bankrupt – HeraldScotland

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July 17, 2024
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July 16, 2024
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July 16, 2024
Over 200 jobs saved so far this year through small business restructuring process – Irish Examiner
July 15, 2024
Atos secures funding for rescue plan, lives to fight another day – The Register
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