FRANKFURT/DUESSELDORF (Reuters) -The head of Thyssenkrupp’s steel business, Dennis Grimm, has decided to leave the division, two people familiar with the matter said on Tuesday, robbing the unit of its leader as talks over a sale to India’s Jindal Steel International continue.
Grimm has been the spokesperson for Thyssenkrupp Steel Europe’s (TKSE) executive board, or its de facto CEO, since August 30, 2024, after the division’s former CEO Bernhard Osburg stepped down following a clash with Thyssenkrupp’s leadership over strategy.
TKSE and Thyssenkrupp declined to comment.
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 diligence of the business this week, sources told Reuters.
German newspaper Bild, citing company sources, first reported Grimm’s departure, saying it was the result of a falling out with Thyssenkrupp CEO Miguel Lopez over the strategic course of the business.
(Reporting by Christoph Steitz and Tom Kaeckenhoff. Editing by Thomas Escritt and Mark Potter)
