Thyssenkrupp Needs a New Chairman by September, Investors Say

Thyssenkrupp Needs a New Chairman by September, Investors Say
A logo of ThyssenKrupp AG is pictured outside the ThyssenKrupp headquarters in Essen on Nov. 23, 2017. Reuters/Thilo Schmuelgen
Reuters
Updated:

FRANKFURT—Thyssenkrupp should come up with a candidate for the vacant post of chairman by no later than September, two investor sources said, concerned that a lengthy search might further delay restructuring efforts at the German conglomerate.

Thyssenkrupp has been without both a CEO and chairman since Heinrich Hiesinger and Ulrich Lehner resigned last month, throwing the elevators-to-submarines group into crisis at a time of mounting shareholder pressure over strategy.