OREANDA-NEWS. New strategy chief for ThyssenKrupp: Dr. Peter Feldhaus (48) is taking over as head of Strategy, Markets and Development at the Essen-based industrial group effective September 1, 2015. He succeeds Premal Desai, who became Chief Financial Officer of ThyssenKrupp's steel business on January 1, 2015. Premal Desai is currently combining his duties as head of ThyssenKrupp's strategy unit with his new role.

As director of the global management consulting firm McKinsey & Company, Dr. Peter Feldhaus has gained wide experience over many years in the energy and resource industries. A doctor of chemistry, he is part of McKinsey's global leadership team working among other things for clients in the energy sector and as Senior Partner in Chicago is currently based in the US growth market.

Dr. Peter Feldhaus has been advising ThyssenKrupp on various projects for 12 years now. He has been involved in various corporate programs, including the ThyssenKrupp Steel Europe optimization program currently ongoing.

After graduating from Aachen University of Technology with a master's degree in chemistry, Peter Feldhaus started his career at the engineering consulting firm WTI in J?lich before switching to the energy sector. Dr. Peter Feldhaus joined McKinsey in 1998, becoming senior partner responsible for numerous national and international projects.

ThyssenKrupp is a diversified industrial group with traditional strengths in materials and a growing share of capital goods and services businesses. Around 155,000 employees in nearly 80 countries work with passion and technological expertise to develop high-quality products and intelligent industrial processes and services for sustainable progress. Their skills and commitment are the basis of our success. In fiscal year 2013/2014 ThyssenKrupp generated sales of around €41 billion.

With our engineering expertise in the areas Mechanical, Plant and Materials we enable our customers to gain an edge in the global market and manufacture innovative products in a cost- and resource-friendly way. For us, technical progress and innovations, allied with the combined strength of the Group, are key factors enabling us to follow the development trends on the global sales markets, grow on the markets of the future, and generate strong and stable earnings, cash flows and value growth.