August 8, 2019 / 7:57 AM / 3 months ago

Thyssenkrupp's supervisory board continues to support strategy - CEO

FILE PHOTO: Guido Kerkhoff, Chief Executive of Thyssenkrupp AG, addresses the annual news conference of Thyssenkrupp at the company's headquarters in Essen, Germany, November 21, 2018. REUTERS/Thilo Schmuelgen/File Photo

FRANKFURT (Reuters) - Thyssenkrupp’s (TKAG.DE) supervisory board continues to support the group’s current turnaround plan, including a planned listing or sale of its elevators division, Chief Executive Guido Kerkhoff told journalists on Thursday.

The supervisory board on Wednesday had met to hear from Kerkhoff about the progress of the plans, which have failed to prevent the group’s shares from falling to a fresh 16-year low.

Reporting by Christoph Steitz, editing by Riham Alkousaa

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