Tata Steel and thyssenkrupp AG signed definitive agreements in June 2018 to combine their European steel businesses in a 50/50 Joint Venture. The proposed new company, to be named thyssenkrupp Tata Steel B.V., headquartered in the Amsterdam area will be positioned as a leading pan-European high-quality flat steel producer with a strong focus on performance, quality and technology leadership. The Joint Venture is subject to merger control clearance in several jurisdictions, including in the European Union.
Andreas Goss, currently Chief Executive Officer (CEO) of thyssenkrupp’s Steel division, will be the future Chief Executive Officer of the planned Joint Venture and chair the Management Board of thyssenkrupp Tata Steel B.V.. Hans Fischer, currently the CEO of Tata Steel Europe, will be the Deputy CEO & Chief Technology Officer of the Joint Venture. Sandip Biswas, currently the Group Executive Vice President Finance of Tata Steel Limited is the designated Chief Financial Officer while Premal Desai, currently the Chief Financial Officer of thyssenkrupp Steel Europe will be the Chief Strategy Officer of the Joint Venture. Apart from these appointments, the announcement of the next management level positions for the Joint Venture is expected within the next few months.
The Management Board and the future top leadership team will be responsible for the planning and execution of the post-merger integration and the long-term business strategy once the planned Joint Venture has received the necessary regulatory approvals and after closing.
