Press report, 04-25-2008
ThyssenKrupp Stainless to focus on new materials and applications: New Strategic Product Development directorate at ThyssenKrupp Nirosta
The Supervisory Board of ThyssenKrupp Nirosta decided yesterday to expand the company’s Executive Board to include a new Strategic Product Development directorate with the aim of placing an even stronger focus on new materials, new finishes and new applications. Dr. Alfred Otto, to date Executive Board member responsible for the Sales directorate, will take over this new function. Karsten Lork, currently chairman of the Management Board of ThyssenKrupp Stainless International, will assume the position of Sales Director on the Executive Board of ThyssenKrupp Nirosta effective May 1, 2008.
The creation of this new Executive Board directorate will reposition the entire ThyssenKrupp Stainless group. In his new function, Dr. Alfred Otto will be responsible for the company’s strategic product development and will coordinate these activities in all areas of the segment. In this way, the company will place an even stronger emphasis on product and applications development throughout the segment in response to increasingly demanding customer requirements and growing international competition.
The strengthening of strategic product development will benefit both ThyssenKrupp Nirosta and all other companies in the ThyssenKrupp Stainless group: centralized management of this function will allow them to utilize competencies and synergy effects from all areas and target specialized product innovations.
ThyssenKrupp Nirosta (Krefeld), a subsidiary of ThyssenKrupp Stainless AG, is one of the world’s leading manufacturers of stainless flat products with a wide range of grades, sizes and finishes. ThyssenKrupp Stainless is the holding company for all the ThyssenKrupp Group’s activities in flat-rolled stainless steel, nickel alloys and titanium. Its seven subsidiaries with plants in Germany, Italy, Mexico, China and the USA employ a total of 12,200 people.
Contact person
ThyssenKrupp Stainless AG
Erik Walner
Press Officer
Phone: +49 (0) 203 52 45 130
Fax: +49 (0) 203 52 45 132
E-mail: erik.walner@thyssenkrupp.com