Andreas Goss, currently Chief Executive Officer (CEO) of thyssenkrupp's Steel division, has been named as the future Chief Executive Officer of the proposed 50:50 joint venture company thyssenkrupp Tata Steel BV.
In a press release, Tata Steel announced signing of a definitive agreement in June 2018 with thyssenkrupp AG to combine their European steel businesses in a 50:50 joint venture. The proposed joint venture named thyssenkrupp Tata Steel BV will be headquartered in Amsterdam. The press release further stated that it will be positioned as a leading pan-European high-quality flat steel producer with a strong focus on performance, quality and technology leadership.
The company also announced Andreas Goss as the chair of the Management Board and Hans Fischer, currently the CEO of Tata Steel Europe, to be the Deputy CEO & Chief Technology Officer of the joint venture. Sandip Biswas, currently the Group Executive Vice President Finance of Tata Steel Limited is the designated Chief Financial Officer while Premal Desai currently the Chief Financial Officer of thyssenkrupp Steel Europe will be the Chief Strategy Officer of the joint venture.
The Joint Venture is subject to merger control clearance in several jurisdictions, including in the European Union. Until the completion of the Joint Venture process, thyssenkrupp Steel Europe and Tata Steel in Europe will continue to operate as separate companies and as competitors and the incumbent organisation of the respective companies will continue to operate as currently.
@EPC World Media
