Dr. Heinrich Hiesinger succeeds Dr. Ekkehard Schulz as Chairman Executive Board of ThyssenKrupp AG in Germany.

ThyssenKrupp Meeting In its meeting on May 12, 2010 the Supervisory Board of ...

Dr. Heinrich Hiesinger succeeds Dr. Ekkehard Schulz as Chairman Executive Board of ThyssenKrupp AG in Germany.

May 12, 2010

Written by Mike Smith

ThyssenKrupp Meeting

In its meeting on May 12, 2010 the Supervisory Board of ThyssenKrupp AG, at the proposal of the Personnel Committee, appointed Dr. Heinrich Hiesinger (49), currently member of the Managing Board of Siemens AG, Munich, to succeed Dr. Ekkehard Schulz as Chairman of the Executive Board of ThyssenKrupp AG with effect from the close of the General Stockholders’ Meeting of ThyssenKrupp AG on January 21, 2011. Dr. Hiesinger will join the Executive Board of ThyssenKrupp AG as Vice Chairman at October 1, 2010. As Chairman of the Executive Board, Dr. Hiesinger will be responsible for Corporate Strategy & Technology, Corporate Executives, Corporate Communications, Corporate Information Technology and Internal Auditing.

In addition, the Supervisory Board appointed Dr. Jürgen Claassen (52), currently Executive Vice President of ThyssenKrupp AG, as member of the Executive Board with effect from the close of the General Stockholders’ Meeting of ThyssenKrupp AG on January 21, 2011. As Chief Officer Corporate Development and Compliance, Dr. Claassen will be responsible for Corporate Development, Legal & Compliance, Corporate Programs and Corporate Sustainability.

ThyssenKrupp is an integrated materials and technology group with almost 188,000 employees in more than 80 countries developing ideas and innovations to offer solutions for sustainable progress. In the 2008/2009 fiscal year they generated sales of more than €40 billion. Eight business areas focus the Group’s activities and know-how in the strategic competency areas of Materials and Technologies. In addition to manufacturing materials and plants, the Group also provides complete system solutions and innovative services. We are continuously optimizing our portfolio to sustainably increase the earning power and the value of the Company.

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Blohm + Voss Shipyards is a company within the ThyssenKrupp Marine Systems. As management holding company, Hamburg-based ThyssenKrupp Marine Systems parents the new shipyard group, bundling staff and service functions which are furnished to the various companies.

Essentially, the group comprises today Howaldtswerke-Deutsche Werft GmbH, Kiel, TKMS Blohm + Voss Nordseewerke Gmbh, Emden and Hamburg, Blohm + Voss Shipyards GmbH and Blohm + Voss Repair GmbH, Hamburg, as well as Kockums AB, Sweden, and Hellenic Shipyards S.A., Greece.

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