Thyssenkrupp announced that Martina Merz has asked for talks to end her mandate from the role in mutual agreement. In accordance with the request, the supervisory board's personnel is to enter into talks with her to terminate her contract by mutual agreement. The committee further decided to propose to the supervisory board to appoint Miguel Ángel López Borrego as a member of the board, and chief executive officer as successor of Merz with effect from June 1, 2023.

López Borrego is currently CEO of NORMA Group, and formerly CEO of Siemens Spain and Chairman of the Board of Siemens Gamesa Renewables.