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Daily press, 2006-08-15, 02:51 PM

Gary Elliott will resign at September 30, 2006

Gary Elliott (62), Chairman of the Executive Board of ThyssenKrupp Elevator AG and member of the Executive Board of ThyssenKrupp AG, will resign these positions at September 30, 2006. It was planned that he should replace Dr. Siegfried Buschmann (69) as Chairman of the ThyssenKrupp national holding company in the USA and as the Group's NAFTA representative upon expiry of his contract in July 2007. By agreement with Gary Elliott, he will now resign as Executive Board Chairman of ThyssenKrupp Elevator and Executive Board member of ThyssenKrupp AG at the end of the current fiscal year 2005/2006 and succeed Siegfried Buschmann with effect from October 01, 2006. During his period of office, Gary Elliott has presided over the dynamic growth of the Elevator segment, with sales tripling and earnings increasing fourfold. The Canadian will support ThyssenKrupp's NAFTA strategy. Subject to the approval of the Supervisory Board of ThyssenKrupp Elevator, he will be succeeded in his position at ThyssenKrupp Elevator by Edwin Eichler (48), who will also remain Chairman of the Executive Board of ThyssenKrupp Services AG and member of the Executive Board of ThyssenKrupp AG.