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ThyssenKrupp Implements New Group Structure

10/02/2009 - ThyssenKrupp launches its new organizational structure with the start of its new fiscal year on October 1, 2009.

ThyssenKrupp AG implemented its new Group structure with the start of its new fiscal year on October 1, 2009.
 
“With a more decentralized operational management and more a centralized strategic management, we will be in the position to react immediately to market developments and customer requirements in the future,” said Dr. Ekkehard Schulz, Executive Board Chairman of ThyssenKrupp AG, commenting on the focus of the new structure. “The reorganization strengthens ThyssenKrupp’s focus on its two strategic competency areas as an integrated materials and technology Group. The new organizational structure will promote a more direct and intensive cooperation within the Group and increase internal and external transparency. We are creating a fitter Group for the future.”
 

ThyssenKrupp Group also introduced a new corporate design to complement implementation of its reorganization.

“The new logo is an expression of the unity and strength with which we will shape the future,” said Schulz.
ThyssenKrupp Group’s new structure features three core elements: the new strategic Corporate Headquarters, eight operating business areas, and the new Business Services.

 
The new Corporate Headquarters will further consolidate the Group’s strategic and steering tasks. It will be a dependable partner to the business areas, freeing them of administrative duties and allowing them to concentrate on their operating business.
 
The Group’s activities are focused on eight business areas within materials and technologies that integrate similar business models and geographically related business activities. Organized into two divisions – Materials and Technologies – the business areas reflect ThyssenKrupp’s key competencies. The Materials division includes the business areas Steel Europe, Steel Americas, Stainless Global and Materials Services, while the Technologies division comprises the business areas Elevator Technology, Plant Technology, Components Technology and Marine Systems.
 
The four business areas in the new Materials division focus the Group’s worldwide materials activities:
 
  • The Steel Europe business area brings together premium flat carbon steel activities, from intelligent material solutions to finished parts. The product range includes custom tailored products made from steel sheets of different thickness, grade and finish.
  • The Steel Americas business area will develop the American market for high-quality steel products through steelmaking and processing plants currently under construction in Brazil and the USA. ThyssenKrupp AG Executive Board member Edwin Eichler will serve as CEO of both the Steel Europe and the Steel Americas business areas.
  • The Stainless Global business area specializes in flat stainless steel products and high-performance materials such as nickel alloys and titanium. Also included is the new stainless steel mill in Alabama, which is being built in close cooperation with Steel Americas. The business area is managed by Clemens Iller.
  • The Materials Services business area is focused on industrial and raw material services all around the world, and particularly in Europe and the NAFTA region. The business area is under the responsibility of Joachim Limberg.
The Technologies division represents ThyssenKrupp’s technological capabilities:
 
  • The Elevator Technology business area represents high quality, technological competencies and services such as maintenance and modernization, and is headed by ThyssenKrupp AG Executive Board member Dr. Olaf Berlien, who serves as CEO.
  • Plant Technology – managed by Dr. Niclas Müller – is a leading international supplier of chemical plants, refineries, cement plants and innovative solutions for the mining and handling of raw materials and minerals.
  • Components Technology has a broad product range of efficient and innovative components for the automotive, construction and engineering sectors, and is headed by Dr. Karsten Kroos, who serves as CEO.
  • The Marine Systems business area offers expertise, outstanding products and strong innovative capabilities in the area of naval and civil shipbuilding – from fuel cell technology for submarines to sophisticated research vessels. It is managed by Dr. Hans-Christoph Atzpodien.
Business Services combine administrative services throughout the Group with a view to achieving higher quality and greater efficiency. Business Services are focused on the areas of IT Services, Human Resources Services, Finance Services and Communication Services.
 
ThyssenKrupp Group says its new structure will reduce administrative costs sustainably by up to €500 million, with the savings made up in roughly equal parts of material and personnel costs. The new organization has also been developed to provide greater internal and external clarity and transparency, increase the Group’s effectiveness and efficiency, and deliver greater drive and flexibility with regard to customers and markets.
 
“The reorganized ThyssenKrupp Group is strategically well positioned for the future, even in the current difficult economic environment. We have responded swiftly to the crisis and are using it as an opportunity for positive change. Within a few short months we have restructured and created a fitter Group for the future,” said Schulz.
 
ThyssenKrupp is an integrated materials and technology group offering solutions for sustainable progress worldwide. Eight business areas focus the Group’s activities and know-how in the strategic competency areas of Materials and Technologies.