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Company News, Capital market-relevant press releases, 2018-07-05, 06:35 PM

Dr. Heinrich Hiesinger asks the Supervisory Board to end his mandate as Chief Executive Officer of thyssenkrupp AG in mutual agreement

Dr. Heinrich Hiesinger, CEO thyssenkrupp AG, today asked the Executive and the Personnel Committee of the Supervisory Board of the thyssenkrupp AG for talks to find a mutual agreement for stepping down from his position as CEO of the thyssenkrupp AG.

Dr. Heinrich Hiesinger: “Today I informed the Supervisory Board that I would like to step down from my position as CEO of thyssenkrupp. I take this step very consciously to enable a fundamental discussion in the Supervisory Board on the future of thyssenkrupp. A joint understanding of Board and Supervisory Board on the strategic direction of a company is a key pre-requisite for successfully leading a company. The broad support of our shareholders and the Supervisory Board was the basis for the success of our Strategic Way Forward since 2011. This path always balanced the interests of our customers, employees and shareholders. Today thyssenkrupp is a completely different company regarding culture, values and performance. The joint venture of our steel activities with Tata is the next significant step to turn thyssenkrupp into a strong industrial company. We can be proud of what we achieved until now. For this I would like to thank all employees. They are the most valuable capital of thyssenkrupp.”

Prof. Dr. Ulrich Lehner: “The Board under the leadership of Heinrich Hiesinger has freed thyssenkrupp from an existential crisis and made the company ready for the future by implementing the strategy which was agreed by the Supervisory Board. Without Heinrich Hiesinger there would be no thyssenkrupp today. I am deeply grateful for what he achieved and especially for how he achieved this: intelligent, modest, consistent; with far-sightedness and social responsibility and always in the interest of our customers, employees and shareholders.”

The Supervisory Board will meet tomorrow to discuss and decide on the request of Dr. Heinrich Hiesinger.

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