UPDATE 1-ThyssenKrupp boards back conglomerate strategy-CEO

Newswire

(Adds CEO comments, detail) By Christiaan Hetzner DUESSELDORF, Germany, May 22 (Reuters) - Germany's ThyssenKrupp will retain its conglomerate structure, sticking to its strategy of broadly diversifying risk and rebuffing criticism from some investors who have called for a break-up of the company. "Everyone on the management and supervisory boards supports the strategy unanimously," said ThyssenKrupp Chief Executive Ekkehard Schulz, who will soon turn 66. Schulz's contract expires in ...

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