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    Home > Finance > Thyssenkrupp steel boss to leave, sources say
    Finance

    Thyssenkrupp steel boss to leave, sources say

    Published by Global Banking and Finance Review

    Posted on October 28, 2025

    1 min read

    Last updated: January 21, 2026

    Thyssenkrupp steel boss to leave, sources say - Finance news and analysis from Global Banking & Finance Review
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    Tags:managementcorporate strategyfinancial communityinvestmentfinancial markets

    Quick Summary

    Dennis Grimm exits Thyssenkrupp Steel amid strategic disputes, affecting ongoing sale talks with Jindal Steel. Leadership changes raise strategic concerns.

    Table of Contents

    • Leadership Changes at Thyssenkrupp Steel
    • Background on Dennis Grimm
    • Implications of Grimm's Departure
    • Ongoing Negotiations with Jindal Steel

    Thyssenkrupp Steel's Dennis Grimm to Depart Amid Strategic Disputes

    Leadership Changes at Thyssenkrupp Steel

    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.

    Background on Dennis Grimm

    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.

    Implications of Grimm's Departure

    TKSE and Thyssenkrupp declined to comment.

    Ongoing Negotiations with Jindal Steel

    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)

    Key Takeaways

    • •Dennis Grimm leaves Thyssenkrupp Steel amid strategic disputes.
    • •Ongoing sale negotiations with Jindal Steel International.
    • •Leadership changes impact Thyssenkrupp's strategic direction.
    • •Grimm's departure linked to disagreements with CEO Miguel Lopez.
    • •Due diligence by Jindal Steel delegation intensifies.

    Frequently Asked Questions about Thyssenkrupp steel boss to leave, sources say

    1What is corporate strategy?

    Corporate strategy refers to the overall plan and direction of a company, focusing on long-term goals and how to achieve them through resource allocation and competitive positioning.

    2What is investment?

    Investment is the act of allocating resources, usually money, in order to generate income or profit. It can involve purchasing assets like stocks, bonds, or real estate.

    3What are financial markets?

    Financial markets are platforms where buyers and sellers engage in trading financial assets such as stocks, bonds, currencies, and derivatives, facilitating capital flow and investment.

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