July 5, 2018 / 5:03 PM / a year ago

Thyssenkrupp CEO says resignation offer aims to spark debate about future of company

BERLIN (Reuters) - Thyssenkrupp (TKAG.DE) Chief Executive Heinrich Hiesinger said on Thursday his offer to resign was meant to spark a discussion on the supervisory board about the future of the company.

“A joint understanding of Board and Supervisory Board on the strategic direction of a company is a key pre-requisite for successfully leading a company,” Hiesinger said in a statement.

The engineering group’s steelmaking joint venture deal with Tata Steel (TISC.NS), announced last Saturday, marks “the next significant step” to turning Thyssenkrupp into a strong industrial company, he said.

Hiesinger freed Thyssenkrupp from “an existential crisis” and made the company fit for the future, chairman Ulrich Lehner said.

Reporting by Andreas Cremer; Editing by Mark Potter

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