Member access

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


SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 

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

12/16/2012 | 12:56pm 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:

Write to the Frankfurt Bureau at

Subscribe to WSJ:

Latest news on THYSSENKRUPP AG
1d ago THYSSENKRUPP : Clashes at German Embassy in Rome over ThyssenKrupp Plans to Cut ..
1d ago THYSSENKRUPP : Guidi 'believes' in new ThyssenKrupp industrial plan
2d ago ThyssenKrupp Italian workers injured in clash with police
2d ago THYSSENKRUPP : Govt's decision on subs boost for private shipyards
4d ago KIBARAN RESOURCES : Limited : - ThyssenKrupp signs Offtake LOI for 20,000tpa
4d agoDJNippon Steel, ArcelorMittal to Buy US Auto Steel Plant for $1.95 Billion
4d ago THYSSENKRUPP : Renzi moves to allay job fears at ThyssenKrupp
5d ago THYSSENKRUPP : Italy PM Renzi meets workers from loss-making steel plant
6d agoDJTHYSSENKRUPP : Denies in Talks to Sell Marine Systems to Rheinmetall
6d agoDJTHYSSENKRUPP : Rheinmetall Nears Takeover of ThyssenKrupp's Marine Business -- R..
Duration : Period :
ThyssenKrupp AG Technical Analysis Chart | TKA | DE0007500001 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes