Thyssenkrupp appoints new CEO for MENA region
Boris van Thiel has been appointed to the position of chief executive officer for the Middle East and North Africa at Thyssenkrupp
Thyssenkrupp Industrial Solution appointed Boris van Thiel as CEO for the Middle East and North Africa (MENA), effective 1 December, 2015.
In August 2014, Thiel joined Thyssenkrupp, where he was head of business development MENA in the process technologies business unit until July 2015.
As part of the integration and regionalisation of its businesses, th firm aims to be close to its customers and participate more strongly in growth in the regions.
To this end, the Americas, Sub-Saharan Africa, India, MENA, Asia Pacific and CIS regional clusters have been established with a view to pooling know-how, making better use of existing resources and standardising processes.
Thiel said: “To achieve growth in a heterogeneous MENA market subject to sharp fluctuations, we need to set priorities for markets, portfolio segments, customers, staff requirements and office locations. Via a network of local partners and our existing offices in Qatar, Saudi Arabia, Egypt and Morocco we can respond quickly and flexibly to customer inquiries. By establishing implementation hubs in Egypt and Saudi Arabia we are continuously improving our regional competitiveness.”
In fiscal 2014-15, Thyssenkrupp Industrial Solutions generated sales of €1.6bn in the MENA region with around 250 employees.