Thyssenkrupp's Deputy Chairman to Vote Against CEO Miguel Lopez's Contract Extension, Reuters Says

Dow Jones

2025/06/18

--Thyssenkrupp's deputy chairman Juergen Kerner will vote against the contract extension of chief executive Miguel Lopez at a board meeting on Friday, Reuters reports.

--Kerner, who is also second chairman of German labour group IG Metall, will vote against the extension because he believes Lopez has not delivered a turnaround of Thyssenkrupp's steel division, Reuters reports.

--When approached for comment by Reuters, Thyssenkrupp referred to earlier comments from Lopez that a restructuring of the group's steel business was a top priority, the report says.

Full story: https://shorturl.at/OgCUG

Write to Adam Whittaker at adam.whittaker@wsj.com

(END) Dow Jones Newswires

June 18, 2025 08:29 ET (12:29 GMT)

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