Miguel Ángel López Borrego will become CEO of thyssenkrupp AG on June 1, 2023. He has a three-year employment contract that runs through May 31, 2026. This decision was made unanimously by the Supervisory Board of thyssenkrupp AG during its meeting today. It was based on a recommendation made by the Personnel Committee. Martina Merz, the predecessor of Miguel Ángel López Borrego, asked the Personnel Committee of the Supervisory Board at thyssenkrupp AG at the end of April to terminate her employment contract as CEO as soon as possible. Ms. Merz and the Supervisory Board then agreed to dissolve the contract by mutual consent on May 31, 2023. Professor Siegfried Russwurm, the Chairman of the Supervisory Board of thyssenkrupp AG, said: "The Supervisory Board would like to sincerely thank Martina Merz for her tremendous commitment to thyssenkrupp during extremely trying global economic times that posed major challenges for our country and, in particular, our company.