Germany's largest steel company has a woman at the helm for the first time - Thyssenkrupp Appoints Marie Jaroni as First Female CEO Amidst Sale Talks with Jindal Steel
Thyssenkrupp Steel Europe has appointed Marie Jaroni as its first female CEO, effective immediately. Meanwhile, talks are ongoing with Indian steel giant Jindal Steel regarding a potential sale of the German company's steel division.
Jaroni, who previously led sales and transformation efforts at Thyssenkrupp, has been praised for her strategic vision and fair negotiation style. Her appointment comes as the company grapples with global economic headwinds, low prices, and Asian competition, leading to excess production capacity.
The company aims to reduce its workforce from around 27,000 to approximately 16,000 by 2030 to restore sustainable profitability. Jaroni played a crucial role in negotiating the restructuring agreement that paves the way for these job cuts. HR chief Dirk Schulte has stepped down, with Wilfried von Rath taking his place.
Gautam Malhotra has been leading Jindal Steel as its chairman since late October 2025. Talks between Thyssenkrupp and Jindal Steel are underway, with the potential sale of Thyssenkrupp's steel division on the table.
Marie Jaroni's appointment as CEO and her extended contract until 2030 signal Thyssenkrupp's commitment to her leadership during these challenging times. The company's future, including the potential sale of its steel division, remains uncertain as negotiations with Jindal Steel continue.
