Exclusive: Thyssenkrupp deputy chairman to vote against extending CEO contract over 'fundamental mistrust'
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 18 2025
0mins
Source: Reuters
Conflict Over CEO Contract: Thyssenkrupp's deputy chairman, Juergen Kerner, plans to vote against CEO Miguel Lopez's contract extension due to dissatisfaction with the turnaround of the steel division, highlighting a significant rift between management and workers.
Concerns About Future Plans: Kerner expressed mistrust towards Lopez and investor Daniel Kretinsky, warning that without a convincing plan for the steel unit and adequate funding, workers may resort to strike action.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
