After an offer from Martina Merz, the supervisory board prematurely terminated her contract as CEO at Thyssenkrupp.
The 60-year-old is therefore in talks with representatives of the supervisory board about a severance payment like that “Handelsblatt” reported.
According to estimates, the severance payment could amount to a total of three million euros.
Martina Merz is leaving her position at the Thyssenkrupp industrial group after three and a half years. Her successor is said to be Miguel Ángel López Borrego. Merz, on the other hand, could receive a million-dollar settlement from the group.
The 60-year-old is therefore in talks with representatives of the supervisory board about a severance payment like that “Handelsblatt” reported. Merz asked for an early termination of her contract, which originally ran until 2028.
However, Merz should not be paid out for the entire remaining term. According to insiders, the outgoing CEO will be paid out for two years. According to the “Handelsblatt”, her salary was 1.34 million euros a year. Overall, the severance payment is estimated to be three million euros.
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Merz was said to have forestalled a termination by offering to terminate her contract early. Your personality has long been controversial in the company. After the announcement of her resignation, Thyssenkrupp stock fell by almost ten percent.
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