Finance
Thyssenkrupp Steel Boss to Leave, Sources Say
Published by Global Banking & Finance Review®
Posted on October 28, 2025
1 min readLast updated: January 21, 2026
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Company
Published by Global Banking & Finance Review®
Posted on October 28, 2025
1 min readLast updated: January 21, 2026
Add as preferred source on GoogleDennis Grimm exits Thyssenkrupp Steel amid strategic disputes, affecting ongoing sale talks with Jindal Steel. Leadership changes raise strategic concerns.
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)
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