thyssenkrupp is reorganizing its Business Area Industrial Solutions (marine and plant engineering). In this context, the marine business will be separated from the business segment and managed directly by thyssenkrupp AG. Therefore, Industrial Solutions will concentrate on plant engineering.
With this strategic focus, the Board of Management at Industrial Solutions is also being reorganized. Effective October 2018, Marcel Fasswald (48), currently Chief Operating Officer (COO) of Industrial Solutions, will be appointed as the new CEO. Oliver Tietze (46), previously CFO and COO of the global project management organisation unit at Industrial Solutions, will take over as CFO effective October 2018.
Marcel Fasswald is an internationally experienced plant engineering expert and has been a member of the Board of Management of Industrial Solutions since April 2018. Before joining thyssenkrupp, he was CEO of the SMS Group in India for seven years before taking over the position of global Chief Technology Officer (CTO) and Chief Operating Officer (COO) of the SMS Group.
Oliver Tietze has been with the thyssenkrupp Group for over 13 years. In his previous roles as Chief Financial Officer (CFO) and Chief Operating Officer (COO) of the global project management organisation, he has already played a central role in the ongoing transformation of Industrial Solutions. Before joining Industrial Solutions, the industrial engineer held various management positions in the Steel, Materials Services and Elevator divisions.
