Skip to main content

thyssenkrupp Industrial Solutions CEO stands down

Published by
World Cement,

Jens Michael Wegmann has informed the Executive Board of thyssenkrupp AG that he is standing down as CEO of the Industrial Solutions business area with immediate effect and leaving the company.

thyssenkrupp Industrial Solutions CEO stands down

“I made a mistake which I greatly regret and I am now paying the consequences. I realise that my conduct in my dealings with a sales partner was not in line with thyssenkrupp’s values and that I can no longer credibly drive the necessary changes at Industrial solutions. For this reason I am standing down as CEO of thyssenkrupp Industrial Solutions today – irrespective of legal issues and the findings of the ongoing internal investigation. I would like to wish all employees the very best for the future and every success in the continuing implementation of the transformation,” said Jens Michael Wegmann in a statement.

The Executive Board of thyssenkrupp AG has acknowledged this step. “We thank Jens Michael Wegmann for his outstanding work. With his comprehensive transformation program planets he has strategically realigned thyssenkrupp Industrial Solutions and started to focus the business area more strongly on customers and markets. This transformation will be continued systematically. In standing down he has shown that he accepts his responsibilities. For us, compliance is an elementary component of good corporate governance and means much more than just abiding by the law. Compliance is a question of mindset affecting every thyssenkrupp employee every day.”

Stefan Gesing, CFO of Industrial Solutions, will assume Jens Michael Wegmann’s duties and serve as chair of the business area board on an acting basis. The Group will decide on a permanent successor in a structured process.

Read the article online at:

You might also like




At WCT2021 you will hear from a range of industry leaders and technical experts as they discuss the key challenges facing the cement industry and the latest solutions on offer. Register for free today »


Hanson shares 2021 Sustainability Report

Hanson’s 2021 sustainability report highlights the company’s 2030 commitments and the progress made during the 2020 calendar year, despite the unprecedented challenges brought about by COVID-19.


Embed article link: (copy the HTML code below):