Thyssenkrupp loses CEO


Stefan Kirsten is leaving his position as chief financial officer at steel and technology group, Thyssenkrupp. The Dusseldorf-based company drew headlines following its downgrading by Standard & Poor's to non-investment grade in 2004, due to the rating agency reassessment of the company's pensions liabilities.

Kirsten will take a six-month sabbatical, after which he intends to put his pensions experience in the burgeoning German private equity market. Kirsten will be replaced by Thyssenkrupp's

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