Organizational and management structure
Our business operations are organized in six business areas: Components Technology, Elevator Technology, Industrial Solutions, Materials Services, Steel Europe, and Steel Americas. The business areas are divided into business units and operating units. In 77 countries, 497 subsidiaries and 23 investments accounted for by the equity method are included in the consolidated financial statements.
The Group is led strategically by thyssenkrupp AG. Founded in 1999 as a stock corporation under German law, the company has dual domiciles in Essen and Duisburg. Corporate headquarters is located in the thyssenkrupp quarter in Essen. The Executive Board of thyssenkrupp AG sets the strategy for the Group’s development and steers the business areas, the corporate functions, and the service units.
Current regional organization consists of ten regions, assigned to Executive Board members. Regional headquarters operate in North and South America, China, India, and the Asia-Pacific region. A regional headquarters for the Middle East and Africa is currently being established.
The “Global Shared Services” unit combines key locally performed functions in internal Group service centers and organizes them competitively. These are generally site-independent tasks such as certain accounting, IT, real estate service, and human resources sub-processes. Alongside the central service center in Essen, centers in Bochum (Germany), Gdansk (Poland), and Porto Alegre (Brazil) are already in operation. With a total of six service centers planned worldwide, further centers will be established in China and India in 2016.
Evolving further through effective network organization
The Group’s Strategic Way Forward is focused on concrete individual goals for the business areas and greater global connectedness and cooperation. To this end we operate in a multidimensional management structure (network organization) made up of operating businesses, corporate functions, regions and service units. Within this structure roles and responsibilities, rules and standards for cooperation, and processes and reporting lines have been defined. The new, efficient management structure is currently being introduced in the business areas, regions, and service units.
The Group’s structure is routinely reviewed as part of the annual strategy process and adapted if required. This ensures that we remain competitive in line with current market conditions. As a result of stronger Groupwide integration and harmonization, the number of legally independent entities in the Group will be further reduced.