Thyssenkrupp CEO’s Contract Expected to be Extended Ahead of Schedule
According to sources within the company, the contract of Thyssenkrupp CEO Miguel Ángel López Borrego is set to be extended prematurely. The German newspaper Welt am Sonntag reported this information, citing corporate circles.
The contract is reportedly scheduled to be formally extended at the extraordinary supervisory board meeting on June 20, where the board will also deliberate on the spin-off of Thyssenkrupp Marine Systems, the newspaper stated.
López’s current contract is set to expire in the spring of next year. Following the lack of a decision on his second term a few weeks ago, speculation arose regarding disagreements over strategy and leadership style.