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Thyssenkrupp Chief Executive Heinrich Hiesinger said on Thursday his offer to resign was meant to spark a discussion on the supervisory board about the future of the company.
"A joint understanding of Board and Supervisory Board on the strategic direction of a company is a key pre-requisite for successfully leading a company," Hiesinger said in a statement.
The engineering group`s steelmaking joint venture deal with Tata Steel, announced last Saturday, marks "the next significant step" to turning Thyssenkrupp into a strong industrial company, he said.
Hiesinger freed Thyssenkrupp from "an existential crisis" and made the company fit for the future, chairman Ulrich Lehner said.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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