Case Study

Rising from the ashes? ThyssenKrupp’s American debacle and its aftermath

2 pages
June 2015
Reference: IMD-7-1655

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.

Learning Objective

This case serves as a basis for a discussion of corporate governance.

Corporate Governance
Europe, Germany
ThyssenKrupp, Materials, Steel
Published Sources
© 2015
Available Languages
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