ThyssenKrupp Industrial Solutions initiated a comprehensive transformation and growth program

Lippstadt, Germany, 19-10-2015 — /EuropaWire/ — The Industrial Solutions business area with its four business units Resource Technologies, Process Technologies, System Engineering and Marine Systems offers promising long-term market opportunities on account of its broad technology portfolio and international positioning. To make increased use of these opportunities in a more challenging market environment, Industrial Solutions has initiated a comprehensive transformation and growth program. The aim for the recently combined large-scale plant engineering business (Resource Technologies and Process Technologies) is to collaborate more effectively in addressing markets and customers as well as to exploit competitive advantages provided by closer integration between regions and operating businesses. Among other things sales efforts are to be strengthened and the share of high-margin service business increased. Marine Systems is competing to win a number of major projects and at the same time working on a high order backlog. This calls for an increased focusing of the Industrial Solutions management board.

For this reason Dr. Hans Christoph Atzpodien (60) will be concentrating fully on the management of Marine Systems in the future as a member of the business area management board. At October 15, 2015 Jens Michael Wegmann (50) will take over as chairman of the Industrial Solutions business area management board, with responsibility for Strategy, Communications, Technology/Innovation/Sustainability, Quality & Processes, and Compliance. CFO Jörg Schönewolf (53) will additionally be responsible for Purchasing and Export Control. Martin Hilbig (59) will continue in an unchanged role as CHRO.

The bidding for the Australia project in particular is a major opportunity for Marine Systems requiring the full attention of its top management. At the same time the concentration of Dr. Hans Christoph Atzpodien’s duties on Marine Systems underlines the importance of this business for the company.

ThyssenKrupp is a diversified industrial group with traditional strengths in materials and a growing share of capital goods and services businesses. Over 155,000 employees in nearly 80 countries work with passion and technological expertise to develop high-quality products and intelligent industrial processes and services for sustainable progress. Their skills and commitment are the basis of our success. In fiscal year 2013/2014 ThyssenKrupp generated sales of around €41 billion.

Together with our customers we develop competitive solutions for the challenges of the future in the areas Mechanical, Plant and Materials. With our engineering expertise we enable our customers to gain an edge in the global market and manufacture innovative products in a cost- and resource-friendly way. For us, technical progress and innovations, allied with the combined strength of the Group, are key factors enabling us to meet current and future customer and market requirements around the world, grow on the markets of the future, and generate strong and stable earnings, cash flows and value growth.

Contact:

ThyssenKrupp AG
Robin Zimmermann
Communications
Phone: +49 (201) 844-564157
Fax: +49 (201) 844-536041
e-mail: press@thyssenkrupp.com
Internet: www.thyssenkrupp.com

SOURCE: ThyssenKrupp AG