Tata Steel and thyssenkrupp have recently decided on the members of the future management board for the planned European steel joint venture between the two companies.
Tata Steel and thyssenkrupp AG signed definitive agreements in June 2018 to combine their European steel businesses in a 50/50 joint venture. The proposed new company, to be named thyssenkrupp Tata Steel BV, headquartered in the Amsterdam area, will be positioned as a leading pan-European high-quality flat steel producer with a strong focus on performance, quality and technology leadership. The joint venture is subject to merger control clearance in several jurisdictions, including in the European Union.
Andreas Goss, currently chief executive officer (CEO) of thyssenkrupp's steel division, will be the future chief executive officer of the planned joint venture and chair the management board of thyssenkrupp Tata Steel BV. Hans Fischer, currently the CEO of Tata Steel Europe, will be the deputy CEO and chief technology officer of the joint venture. Sandip Biswas, currently the group executive vice president, finance, of Tata Steel, is the designated chief financial officer, while Premal Desai currently the chief financial officer of thyssenkrupp Steel Europe will be the chief strategy officer of the joint venture.
Apart from the above appointments, it is planned to announce the next management level for the joint venture early in the new year.