German multinational conglomerate ThyssenKrupp AG has appointed Premal Desai as the new Chief Executive Officer for its steel division to oversee the restructuring of business after the collapse of a proposed joint venture with Tata Steel in Europe.
EU prohibits Tata Steel-Thyssenkrupp JV
Tata Steel on Wednesday said the European Commission has formally announced its decision to prohibit its proposed European steel joint venture with Thyssenkrupp AG.