In the face of Thyssenkrupp’s crisis, the Krupp heir Friedrich von Bohlen und Halbach supports the transformation course of the major shareholder Krupp-Stiftung.
“Management cannot just sit idly by if the company continues to write off losses” Friedrich von Bohlen und Halbach told the Westdeutsche Allgemeine Zeitung (Tuesday edition). For years, he was one of the sharpest critics of the Krupp-Stiftung, which holds just over 20% of Thyssenkrupp’s shares.
“I think it’s good what they’re doing and how they’re doing it” Friedrich von Bohlen und Halbach said, looking at Krupp-Stiftung CEO Ursula Gather and Board of Directors Chairman Volker Troche. The foundation is seen as a driving force behind the planned overhaul of the company with CEO Miguel López at the helm. As an entrepreneur in Heidelberg in the medical sector and a private Thyssenkrupp shareholder, Friedrich von Bohlen und Halbach is a grandson of the former Krupp company owner Bertha Krupp and nephew of the last sole owner of the Essen steel conglomerate, Alfried Krupp von Bohlen und Halbach.