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Company News, Capital market-relevant press releases, 2019-05-21, 05:10 PM

Supervisory Board unanimously confirms new strategy

The Supervisory Board of thyssenkrupp AG today unanimously approved the Executive Board's plans for a fundamental realignment of the company.

Martina Merz, Chairwoman of the Supervisory Board of thyssenkrupp AG: "The Supervisory Board today unanimously approved the proposed realignment of the Group. We have agreed that the Executive Board will now work out the concrete plans and begin the implementation. As the Supervisory Board, we are convinced that the Executive Board is on the right track with the new strategy. This enables us to meet the interests of employees, customers and shareholders equally."

Guido Kerkhoff, Chief Executive Officer of thyssenkrupp AG: "With the approval of the Supervisory Board, we can now tackle the strategic realignment. The new strategy focuses on the economic success of our businesses. With the IPO of the elevator business, we are strengthening our capital base so that we can press ahead with the further development of the individual companies within the Group. At the same time, we will manage our businesses as a flexible portfolio and consistently align our new organizational structure with it. Together with co-determination in the steel business, we will quickly begin talks on how to make steel sustainably successful."

The Executive Board and Supervisory Board have also agreed on a timetable for the implementation of the new strategy. thyssenkrupp will provide further details of its strategic realignment with the publication of its quarterly figures in August 2019.

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