Gerhard Cromme, supervisory board chairman of German
steelmaker ThyssenKrupp AG, will step down at the end of the
Crommes departure follows
recent allegations of ThyssenKrupp involvement in
anti-competitive agreements related to Germanys 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
Cromme, who was heckled at the
companys 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