Thyssenkrupp CEO gets new contract to speed up turnaround
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 20 2025
0mins
Source: Reuters
CEO Contract Extension: Thyssenkrupp's CEO Miguel Lopez has been granted a five-year contract extension amid opposition from the powerful IG Metall union, which criticized his leadership and restructuring decisions. The board expressed confidence in his ability to lead the company's transformation.
Upcoming Shareholder Vote: Thyssenkrupp plans to hold a shareholder vote on August 8 regarding the spin-off of a 49% stake in its warship unit, Thyssenkrupp Marine Systems, with a separate listing expected by the end of the year, capitalizing on increased military spending in Europe.
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.
