Search Copying and distributing are prohibited without permission of the publisher
Email a friend
  • To include more than one recipient, please separate each email address with a semi-colon ';', to a maximum of 5

  • By submitting this article to a friend we reserve the right to contact them regarding AMM subscriptions. Please ensure you have their consent before giving us their details.

Cromme to step down as ThyssenKrupp chairman

Keywords: Tags  ThyssenKrupp, Gerhard Cromme, cartel, elfi middelbeek

LONDON — Gerhard Cromme, supervisory board chairman of German steelmaker ThyssenKrupp AG, will step down at the end of the month.

Cromme’s departure follows recent allegations of ThyssenKrupp involvement in anti-competitive agreements related to Germany’s domestic automotive industry. The cartel allegations came amid a number of issues at the steelmaker, including faulty data relating to its Steel Americas project, an alleged price-fixing rail cartel and company officials reportedly taking luxury trips.

"Over the past 200 years, the company has successfully overcome several critical situations and I am convinced it will be the same this time," Cromme said. "I will remain strongly attached to the company and its employees."

Cromme, who was heckled at the company’s annual general meeting in January when he announced that he would stay in his position, also will step down as vice chairman of the board of trustees and as a member of a foundation related to the company.

A version of this article was first published by AMM sister publication Steel First.

Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.

Latest Pricing Trends