Thyssenkrupp said on Monday its chief executive Martina Merz, who launched a major overhaul of the German industrial conglomerate, is leaving, causing shares to plunge.
Norma CEO Borrego to take over from June 1said on Monday its chief executive Martina Merz, who launched a major overhaul of the German industrial conglomerate, is leaving, causing shares to plunge.
Thyssenkrupp said the personnel committee of its supervisory board had entered into talks with Merz at her request to terminate her contract by mutual agreement, without giving a reason. Shares in Thyssenkrupp fell as much as 14.4% on the news, their biggest intraday drop in more than two and half years.
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