Thyssenkrupp Names Peter Walker as CEO of Elevator Unit
14 December 2018 - 9:15AM
Dow Jones News
By Nathan Allen
Thyssenkrupp AG (TKA.XE) said Friday that it has appointed Peter
Walker as chief executive of its elevator-technology business.
Mr. Walker is already a member of the elevator-technology board
and previously served as the unit's chief operating officer. He
succeeds Andreas Schierenbeck as CEO, who left the company in
November, Thyssenkrupp said.
Elevator technology has long been the group's most profitable
unit but margins have recently come under pressure amid high raw
materials costs and currency headwinds.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
December 14, 2018 04:00 ET (09:00 GMT)
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