Financial Statements and Management Report - Thyssenkrupp

1.1 Management report Profile and strategy
Profile and strategy
ThyssenKrupp is responding to the ever-changing global markets
with a sharper profile and focused strategy. Our engineering
expertise is the key to future technical and commercial success.
Capability profile and organizational structure
Capability profile
ThyssenKrupp is a diversified industrial group. For us, innovations and technical progress are key factors in
managing global growth and the use of finite resources in a sustainable way. With our engineering expertise
in the areas “Material”, “Mechanical” and “Plant” we enable our customers to compete successfully in the
global market place. We offer them a broad range of capabilities allowing them to operate innovatively and
utilize resources efficiently. Our capabilities extend from high-quality steels to technological goods such as
elevators, escalators and complete industrial complexes, to advanced naval technology.
Organizational and management structure
The Group’s operations are organized in eight business areas each having several operating units The
business areas are bracketed together in two divisions – Materials and Technologies – which describe the
Group’s strategic focus. The business areas and their Group companies operate independently on the
market.
The strategic management of the Group is the responsibility of corporate headquarters at ThyssenKrupp AG.
ThyssenKrupp AG was founded in 1999 as a stock corporation under German law and has dual domiciles in
Duisburg and Essen. The headquarters are located in Essen in the ThyssenKrupp Quarter. The Executive
Board of ThyssenKrupp AG sets the strategy for the Group’s development, directs the business areas and is
responsible for central corporate functions. In addition to their own directorates, members of the Executive
Board are responsible for specific world regions. Their duties also include executive development and talent
management.
Business processes
The business processes of the corporate centers (CCs) at ThyssenKrupp AG, which cooperate closely with
each other and with all areas of the Group, range from accounting to technology. These corporate
departments support the Executive Board with the administration and control of the companies and
investments which together form the Group. The following CCs exist: Corporate Development incl. Strategy &
Regions; Corporate Technology, Innovation & Quality; Executives Management; Corporate Information
Technology; Internal Auditing; Legal & Compliance; Corporate Communications; Corporate Programs;
Corporate Sustainability & Environment incl. Energy; Corporate Affairs; Controlling & Risk; Accounting &
Financial Reporting; Corporate Finance; Taxes & Customs; Investor Relations; Materials Management;
Mergers & Acquisitions; Human Resources.
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