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thyssenkrupp Chairman Steps Down From Company

Both resignations come at the heels of the company’s agreement to merge with Tata Steel’s European operations, a venture that has been in negotiations for the past two years.
 
“I take this step consciously to enable a fundamental discussion with our shareholders on the future of thyssenkrupp. My decision may contribute to creating the necessary awareness with all concerned parties that a break-up of the company and the related loss of many jobs is not an option – neither in the interest of the founder, nor in the interest of the country,” Lehner said in a statement provided by the company.
 
Reuters has more on the story here.