Finance

Thyssenkrupp Nucera extends CEO contract, names new CFO

Published by Global Banking & Finance Review

Posted on January 24, 2025

1 min read

· Last updated: January 27, 2026

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Thyssenkrupp Nucera CEO Werner Ponikwar and new CFO Stefan Hahn - Global Banking & Finance Review
Image showcasing CEO Werner Ponikwar of Thyssenkrupp Nucera, who has extended his contract until 2030, alongside new CFO Stefan Hahn, highlighting significant leadership changes in the company.
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Thyssenkrupp Nucera Extends CEO Contract, Appoints CFO

BERLIN (Reuters) - Thyssenkrupp Nucera on Tuesday extended CEO Werner Ponikwar's contract by a further five years, until July 2030, and named Stefan Hahn as its new CFO effective from March 1.

Hahn will succeed Arno Pfannschmidt, who would reach the age limit of 65 years during an extended term and will retire at the end of February 2025, according to the German hydrogen firm.

In addition, technology chief Fulvio Federico decided to step down from the management board for personal reasons, said the company, adding that an orderly succession process has been initiated.

(Reporting by Miranda Murray, editing by Thomas Seythal)

Key Takeaways

  • Thyssenkrupp Nucera extends CEO Werner Ponikwar's contract to 2030.
  • Stefan Hahn appointed as new CFO, effective March 1.
  • Arno Pfannschmidt to retire in February 2025.
  • Fulvio Federico steps down from the management board.
  • Orderly succession process initiated for technology chief.

Frequently Asked Questions

What is the main topic?
The article discusses Thyssenkrupp Nucera's extension of CEO Werner Ponikwar's contract and the appointment of Stefan Hahn as the new CFO.
Who is the new CFO of Thyssenkrupp Nucera?
Stefan Hahn has been appointed as the new CFO, effective March 1.
Why is Arno Pfannschmidt retiring?
Arno Pfannschmidt is retiring as he will reach the age limit of 65 during an extended term.

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