TATA STEEL EUROPE said its chief executive officer Dr Hans Fischer will stepdown with effect from July 1, 2019.
Henrik Adam, currently chief commercial officer Tata Steel Europe, has been appointed to succeed Hans as the CEO from July 1, 2019. He will also join the Board of Tata Steel Europe.
Hans will continue to serve on the board of Tata Steel Europe as a non-executive director and will continue to advise TV Narendran, CEO and MD of Tata Steel Limited.
Henrik joined Tata Steel Europe in 2011 as chief commercial officer, helping to transform the company into a customer-centric organisation.
Before joining Tata Steel, Henrik held a wide range of roles at thyssenkrupp including CEO of thyssenKrupp Electrical Steel.
Henrik has also been a director of EEF (now called Make UK), the UK’s manufacturers’ organisation, and chairman of WorldAutoSteel, the automotive group of the World Steel Association.
TV Narendran said: “During his tenure as CEO and before that as Chief Technical Officer, Hans has helped set Tata Steel Europe on course to become sustainable in every sense, improving the company’s competitiveness and focus on customers.
In a further change announced by the board of Tata Steel Europe earlier this week, N K Misra, executive director finance Tata Steel Europe, will retire from his position on December 31, 2019, though he will continue as an adviser to the company’s executive committee.
