Premal Desai takes over as CEO for ThyssenKrupp’s EU steel biz

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.