German steel group ThyssenKrupp has named its chief financial officer Guido Kerhoff as interim CEO while its supervisory board searches for a replacement for Heinrich Hiesinger, who announced his resignation as CEO on July 6, less than a week after the final agreement was reached on the creation of the joint venture between ThyssenKrupp and Indian producer Tata Steel.
According to Ulrich Lehner, chairman of the supervisory board of ThyssenKrupp AG, "The members of the supervisory board agree that ThyssenKrupp needs stability and continuity, especially in order to continue successfully on the process of transformation that it has undertaken. Guido Kerkhoff has the full confidence of the supervisory board for this."