ThyssenKrupp reorgoranizes

ThyssenKrupp has announced that they will reorganize the five segments Steel, Stainless, Technologies, Elevator and Services into two divisions. The Steel, Stainless and Services segments will be combined in a new Materials division. The Technologies and Elevator segments will be joined to form a new Technologies division. From 1 April 2009 the Steel segment headed to date by Dr Karl-Ulrich Köhler and the Stainless segment headed by Jürgen H Fechter will both be managed by Edwin Eichler, Executive Board Chairman of ThyssenKrupp Services. The Elevator segment headed to date by Edwin Eichler will be managed by Dr Olaf Berlien, who will also remain Executive Board Chairman of ThyssenKrupp Technologies. The new Group structure is to be implemented at the beginning of the new fiscal year on 1 October 2009.
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