German steel conglomerate scoops former Deutsche Bank GC
German based steel manufacturer Thyssenkrupp has divided its corporate centre and legal and compliance department into two separate areas, and has appointed Arne Wittig as the new general counsel to head up the latter group.
Wittig was previously the general counsel in Germany and Central and Eastern Europe of Deutsche Bank.
At Deutsche Bank, Wittig led a team of more than 100 legal experts and provided advice in all aspects of the business including stock corporation law and corporate governance.
Jürgen Claassen, currently responsible for legal and compliance on the executive board of ThyssenKrupp, said: “In Arne Wittig we have recruited a high-calibre new general counsel who through his many years of work at Deutsche Bank brings wide-ranging experience in providing legal counsel to a leading DAX company.”
The new chief compliance officer will be Christoph Klahold who has been with ThyssenKrupp since 2000 and helped to develop its compliance program.
Founded as a result of a merger between two steel companies, ThyssenKrupp has approximately 170,000 employees in around 80 countries. In fiscal year 2010/2011 ThyssenKrupp generated sales of €49 billion.