Strategic reorganization

On March 27, 2009, Dr.-Ing. Ekkehard D. Schulz, Chairman of the Executive Board of ThyssenKrupp AG reports to the press in Düsseldorf that at its extraordinary meeting the Supervisory Board of ThyssenKrupp AG resolved to realign the Group. It decided to reorganize the five segments Steel, Stainless, Technologies, Elevator and Services into two divisions. The new Materials division will combine the activities of the current Steel, Stainless and Services segments. The new Technologies division will comprise the business activities of Technologies and Elevator. The goal is to concentrate the business and create a leaner, more efficient structure, including in the administrative areas. The Executive Board has been instructed by the Supervisory Board to implement this strategic reorganization by the beginning of the new fiscal year on October 1, 2009.

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Remarks by Dr.-Ing. Ekkehard D. Schulz
Chairman of the Executive Board of ThyssenKrupp AG
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(German, 29 minutes)
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