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Company News, 2003-12-22, 01:00 AM

Jürgen H. Fechter appointed Executive Board Chairman of ThyssenKrupp Stainless

Jürgen H. Fechter, currently Vice Chairman of the Executive Board of ThyssenKrupp Stainless GmbH, Duisburg, and Executive Board Chairman of ThyssenKrupp Nirosta GmbH, Krefeld, will take over as Chairman of the Executive Board of ThyssenKrupp Stainless GmbH effective April 1, 2004. Also effective April 1, 2004, Fechter has been appointed to the Executive Board of ThyssenKrupp Steel AG, Duisburg. In both these functions he succeeds Dr. Helmut G. Hadrys, who is taking retirement on March 31, 2004 after many years of valuable service to the company.

Dr. Jörg Beindorf, currently member of the Executive Board of ThyssenKrupp Nirosta GmbH, has been appointed Chairman of the Executive Board effective April 1, 2004. On January 1, 2004, Dr. Alfred Otto, currently head of Materials and Applications Development at ThyssenKrupp Nirosta, will take over the Sales directorate from Jürgen H. Fechter. Fechter will remain as Executive Board Chairman of ThyssenKrupp Nirosta GmbH until March 31, 2004.

ThyssenKrupp Stainless is the lead company of the Stainless business unit in the ThyssenKrupp Group`s Steel segment. With more than 12,000 employees and sales of some 4 billion euros in fiscal 2002/2003 (Sept. 30), ThyssenKrupp Stainless is a global leader in stainless steel and nickel-base alloys. Alongside ThyssenKrupp Nirosta, the Stainless business unit also includes ThyssenKrupp Acciai Speciali Terni (Italy), ThyssenKrupp Mexinox (Mexico), Shanghai Krupp Stainless (People`s Republic of China), ThyssenKrupp VDM (Germany) and the export company ThyssenKrupp Stainless Export. ThyssenKrupp Steel AG is the lead company of the ThyssenKrupp Group`s Steel segment. The segment had around 49,000 employees and sales of 12 billion euros in the past fiscal year.

Contact:

ThyssenKrupp Steel AG

Erwin Schneider
Tel.: +49 203 / 52 2 56 90
Fax: +49 203 / 52 2 57 07
e-mail: erwin.schneider@tks.thyssenkrupp.com

Dietmar Stamm
Tel.: +49 203 / 52 2 62 67
Fax: +49 203 / 52 2 57 07
e-mail: dietmar.stamm@tks.thyssenkrupp.com

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