By Cristina Roca 
 

Thyssenkrupp AG (TKA.XE) on Friday promoted Premal Desai to chairman of the executive board of its European steel division.

Mr. Desai was previously chief financial officer at the division.

The German company said that its European steel business's Chief Executive Andreas Goss will resign as of June 15 following a failed plan to merge the business with that of Tata Steel Ltd. (500470.BY). The company said last month that it was in talks with Mr. Goss to end his contract.

Thyssenkrupp said Heribert Fischer will also leave the steel board on June 15, but that he will stay on with the European steel division as an advisor. Bernhard Osburg was promoted to chief commercial officer of the business and will join its executive board.

Thyssenkrupp's steel board will only have four members from now on, the company said.

Write to Cristina Roca at cristina.roca@dowjones.com; @_cristinaroca

(END) Dow Jones Newswires

June 14, 2019 07:53 ET (11:53 GMT)