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Board changes at thyssenkrupp Industrial Solutions

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World Coal,

Jörg Schönewolf , CFO, and Martin Hilbig, CHRO, will be stepping down from thyssenkrupp’s board of Industrial Solutions for personal reasons effective 31 May 2016.

The new CFO will be Stefan Gesing, currently Head of Controlling, Accounting & Risk at thyssenkrupp AG. He joins the management team led by Industrial Solutions CEO Jens Wegmann. A decision on the new CHRO has not been made yet but the company reports it will be made shortly.

Gesing has successfully restructured the Group’s controlling function in recent years. He has been with thyssenkrupp since November 2011 and previously held various management positions within the CFO department of Deutsche Telekom AG. Stefan Gesing will be succeeded as Head of Controlling, Accounting & Risk by Philipp Conze, currently Head of Performance Management and Controlling.

To ensure an orderly handover Jörg Schönewolf and Martin Hilbig will continue to support the company in an advisory capacity for a transitional period.

During his many years working for thyssenkrupp, Schönewolf was a member of the management board of Thyssen Henschel and the Uhde business unit before becoming CFO of thyssenkrupp Marine Systems in 2012 and subsequently of thyssenkrupp Industrial Solutions, playing a key role in its realignment.

Hilbig began his career in the Group with Krupp Stahl AG as head of personnel at the Rheinhausen steel mill. After heading up executive development at thyssenkrupp Technologies for several years, he was playing a key role as CHRO in the restructuring and realignment of the System Engineering business unit. Hilbig became CHRO of thyssenkrupp Marine Systems in Hamburg in 2011 and subsequently of thyssenkrupp Industrial Solutions, leading the realignment of their HR operations.

In a media release, thyssenkrupp has thanked Martin Hilbig and Jörg Schönewolf for their work and wishes Stefan Gesing and Philipp Conze great success in their new roles.

Edited from press release by Harleigh Hobbs

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