Product details

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Compact case
Published by: International Institute for Management Development (IMD)
Originally published in: 2015
Version: 02.06.2015
Length: 2 pages
Data source: Published sources

Abstract

ThyssenKrupp's disastrous foray into the Americas had led to drastic losses, massive debts and write-downs, the dismissal of long-serving CEO Ekkehard Schulz and the termination of three of its six executive board members in 2011. The new CEO, Heinrich Hiesinger, set out to rebuild the company, but by 2015, financial and business analysts were still unsure about the outlook for ThyssenKrupp - once synonymous with German steel and industrial might. This case looks at the the transformation of ThyssenKrupp undertaken by Hiesinger.
Location:
Industry:
Size:
About 180,000 employees
Other setting(s):
2011-2014

About

Abstract

ThyssenKrupp's disastrous foray into the Americas had led to drastic losses, massive debts and write-downs, the dismissal of long-serving CEO Ekkehard Schulz and the termination of three of its six executive board members in 2011. The new CEO, Heinrich Hiesinger, set out to rebuild the company, but by 2015, financial and business analysts were still unsure about the outlook for ThyssenKrupp - once synonymous with German steel and industrial might. This case looks at the the transformation of ThyssenKrupp undertaken by Hiesinger.

Settings

Location:
Industry:
Size:
About 180,000 employees
Other setting(s):
2011-2014

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