The departure of Merz came as a surprise to investors, which is reflected in the collapse in the share price
(Photo: dpa)
Dusseldorf, Berlin As the outgoing CEO of the industrial group Thyssen-Krupp, Martina Merz can hope for a settlement in the millions. In the coming days, she wanted to negotiate a corresponding payment with representatives of the supervisory board, the Handelsblatt learned from those close to the top manager.
On Monday, Merz had asked the supervisory board to terminate her contract early, which also complied with this request – and thus triggered a slump in Thyssen Krupp shares of almost ten percent. Miguel Ángel López Borrego has already been chosen as his successor.
Within the company, therefore, some managers have expected their contract to be terminated by mutual consent without further payments. According to information from circles, she will not be paid out for the full term of her contract, which was recently extended to 2028.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Further
Read on now
Get access to this and every other article in the
web and in our app.
Further