Thyssenkrupp CEO offers to resign days after Tata Steel deal
Germany-based Thyssenkrupp's CEO Heinrich Hiesinger on Thursday offered to resign, days after he hailed "historic" merger of the firm's steel-making business with India's Tata Steel to form a 50:50 joint venture. Hiesinger has asked the Supervisory Board of the company to end his mandate as CEO "in mutual agreement". The merger will create Europe's second-largest steelmaker after ArcelorMittal.