Thyssenkrupp has appointed company executive Marie Jaroni as the new CEO of its steel business to replace Dennis Grimm, who agreed to leave the division, the company said on Friday.
Jaroni comes to the role, effective November 1, after a brief tenure as the steel unit’s chief sales officer and chief transformation officer, following various other roles within the division.
Earlier this week, Reuters reported Grimm’s departure from the business, also known as TKSE, citing two people familiar with the matter.
Thyssenkrupp supervisory board chair Ilse Henne said Grimm “took on responsibility for steel at Thyssenkrupp during a challenging phase and… played a decisive role in shaping a new industrial concept and initiating the urgently needed restructuring.”
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 to diligence of the business, sources have told Reuters.
