Copyright indiatimes
Representative image. The head of Thyssenkrupp's steel business, Dennis Grimm, has decided to leave the division, two people familiar with the matter said on Tuesday, robbing the unit of its leader as talks over a sale to India's Jindal Steel International continue.Grimm has been the spokesperson for Thyssenkrupp Steel Europe's (TKSE) executive board, or its de facto CEO, since August 30, 2024, after the division's former CEO Bernhard Osburg stepped down following a clash with Thyssenkrupp's leadership over strategy.TKSE and Thyssenkrupp declined to comment.Grimm's departure comes as Thyssenkrupp is deepening talks with Jindal Steel International over a sale of TKSE, with a delegation from the Indian company scheduled to step up due diligence of the business this week, sources told Reuters.German newspaper Bild, citing company sources, first reported Grimm's departure, saying it was the result of a falling out with Thyssenkrupp CEO Miguel Lopez over the strategic course of the business. Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) Read More News onThyssenkruppJindal Steel InternationalDennis Grimmsteel businessthyssenkrupp steel europemiguel lopezGermany steel industry (Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless (You can now subscribe to our Economic Times WhatsApp channel)Read More News onThyssenkruppJindal Steel InternationalDennis Grimmsteel businessthyssenkrupp steel europemiguel lopezGermany steel industry(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless
