BERLIN, April 24 (Reuters) - The restructuring of German
industrial group Thyssenkrupp is not complete, the head of its
supervisory board said on Monday after the company announced
that Chief Executive Martina Merz was seeking to step down.
Miguel Angel Lopez Borrego, who has been tapped to succeed
her, "will continue on the path of transformation on the basis
of the strategic lines we have developed", said supervisory
board chief Siegfried Russwurm.
"This is challenging, but necessary. Because the
transformation of Thyssenkrupp is not yet complete," Russwurm
added in a statement.
(Reporting by Topm Kaeckenhoff, Writing by Rachel More, Editing
by Friederike Heine)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.