Member access

4-Traders Homepage  >  Shares  >  Xetra  >  ThyssenKrupp AG    TKA   DE0007500001

THYSSENKRUPP AG (TKA)

91
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

ThyssenKrupp AG : ThyssenKrupp Supervisory Board Chairman Says Won't Step Down - Report

12/16/2012 | 11:56am US/Eastern

The chairman of German steelmaker ThyssenKrupp AG's (TKA.XE) supervisory board has brushed off calls for him to step down following hefty losses from two overseas steel plants and a corruption scandal earlier in the year, according to the magazine Der Spiegel.

"I'm not someone who runs away from his responsibility" and won't step down, the magazine quotes Gerhard Cromme as saying Sunday.

ThyssenKrupp last week dismissed three executive board members after losses from plants in the U.S. and Brazil contributed to a 4.7 billion euro ($6.19 billion) loss in the fiscal year ending Sept. 30, and in the wake of price-fixing allegations.

Mr. Cromme said the outlook for the steel plants concerned was "much too optimistic" and turned out to be wrong.

Several politicians and shareholder associations last week called on Mr. Cromme to step down.

Magazine Web site: www.spiegel.de

Write to the Frankfurt Bureau at djnews.frankfurt@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

React to this article
Latest news on THYSSENKRUPP AG
03/04 THYSSENKRUPP : Mannex helping to build the Trans-Anatolian Pipeline
03/04 THYSSENKRUPP : MillServices & Systems expanding finishing services for Hoesch Ho..
02/26 THYSSENKRUPP : Environment minister Untersteller visits site of ThyssenKrupp tes..
02/24 THYSSENKRUPP : Foreign-Trade Zones Board Announces Proposed Production Activity ..
02/24 THYSSENKRUPP : Foreign-Trade Zone (FTZ) 245--Decatur, Illinois; Notification of ..
02/23 THYSSENKRUPP : Industrial Solutions Wins Follow-Up Contract For Fertilizer Plant..
02/20 THYSSENKRUPP : ATLAS North America Acquires Assets Of Marine Sonic Technology
02/20 THYSSENKRUPP : Makes foray in indian skies
02/19 THYSSENKRUPP : PLANS Rs300-CRORE PLANT IN PUNE
02/18 THYSSENKRUPP : gives new ‘Parco della Musica e della Cultura’ in Flo..
Advertisement
Chart
Duration : Period :
ThyssenKrupp AG Technical Analysis Chart | TKA | DE0007500001 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF