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Thyssenkrupp CEO Merz gets 5-year contract extension

Published 05/19/2022, 01:24 PM
Updated 05/19/2022, 01:27 PM
© Reuters. FILE PHOTO: A logo of ThyssenKrupp AG is pictured outside the ThyssenKrupp headquarters in Essen, November 23, 2017. REUTERS/Thilo Schmuelgen
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FRANKFURT (Reuters) - Martina Merz, who has been chief executive of Germany's Thyssenkrupp (ETR:TKAG) since 2019, has received a five-year contract extension until March 2028, the company said on Thursday.

© Reuters. FILE PHOTO: A logo of ThyssenKrupp AG is pictured outside the ThyssenKrupp headquarters in Essen, November 23, 2017. REUTERS/Thilo Schmuelgen

"On behalf of the entire Supervisory Board I would like to thank Martina Merz for the resolute approach to the transformation of Thyssenkrupp," Supervisory Board Chairman Siegfried Russwurm said in a statement.

"We are pleased that Ms. Merz has agreed to continue to drive forward this change process in her role as Chairman of the Executive Board of the Company."

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