October 24, 2014 2:06 PM ET

Metals and Mining

Company Overview of ThyssenKrupp Steel Europe AG

Company Overview

ThyssenKrupp Steel Europe AG manufactures and supplies carbon steel flat products. Its products include hot strips, heavy plates, sheet/coated products, organic coated strip and sheets, electrical steels, tinplates/blackplates, medium-wide strips, and other products and services. The company’s byproducts include materials for cement production, road building, track building, and hydraulic engineering. It serves customers in automotive, shipbuilding, energy, heavy machinery, construction, home appliances, packaging, and electrical appliance industries in Germany and internationally. ThyssenKrupp Steel Europe AG was formerly known as ThyssenKrupp Steel AG. The company was founded in 1997 and i...

Kaiser-Wilhelm-Strasse 100

Duisburg,  47166

Germany

Founded in 1997

Phone:

49 203 52 0

Fax:

49 203 52 25 102

Key Executives for ThyssenKrupp Steel Europe AG

Chief Executive Officer
Age: 50
Head of The Hot & Cold Rolling & Galvanizing Operations and Member of Executive Board
Age: 52
Head of Stainless Division
Age: 49
Head of Communications for Business Area Steel Europe
Head of Hot Metal Unit
Compensation as of Fiscal Year 2014.

ThyssenKrupp Steel Europe AG Key Developments

ThyssenKrupp To Keep ThyssenKrupp Steel Europe

ThyssenKrupp AG (XTRA:TKA) is holding on to ThyssenKrupp Steel Europe AG, a company spokesman said, responding to speculation that a sale could help its current restructuring efforts. "We've always said that we want to keep the steel business," the spokesman said. German magazine Focus, citing no sources, reported that ThyssenKrupp Chief Executive Heinrich Hiesinger had told an internal leadership meeting it was wrong to believe that a sale of the European business could support the company. Hiesinger in August 2013 dismissed any speculation on a possible sale of Steel Europe as "nonsense", but such talk has resurfaced due to ThyssenKrupp's weakening finances.

ThyssenKrupp Steel Europe AG Announces Executive Changes

Dr. Jost A. Massenberg, Chief Sales Officer of ThyssenKrupp Steel Europe AG, is leaving the company at his own request to take on a new professional challenge. Effective March 1, 2013 Dr. Massenberg will become Chief Executive Officer of Benteler Distribution International GmbH. He shall be succeeded on the Executive Board of the company by Thilo Lutz currently head of Auto Sales of the company. Thilo Lutz is a mechanical engineer who has already worked in various management positions for companies of ThyssenKrupp AG for more than seven years. Before joining the company he spent many years with the Boston Consulting Group as a project manager.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 3, 2014
Schaumann GmbH & Co. KG.
 

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