Thyssenkrupp supervisory board fails to appoint Daimler CFO -sources
* Uebber demands higher compensation for board -sources
* Daimler CFO backed by key shareholders -sources
* Martina Merz joins Thyssenkrupp supervisory board
(Recasts, adds detail)
ESSEN, Germany, Nov 20 (Reuters) - Thyssenkrupp's
supervisory board on Tuesday failed to agree on recruiting
outgoing Daimler finance chief Bodo Uebber, two
sources familiar with the matter told Reuters.
Uebber, who has been touted as a candidate to become
chairman of the steel-to-submarines conglomerate, was backed by
shareholder representatives Cevian and the Alfried Krupp von
Bohlen and Halbach Foundation, but his demands on board
compensation drew fire from employee representatives, the
Thyssenkrupp declined comment.
The disagreement comes a day ahead of the group's annual
news conference, at which Chief Executive Guido Kerkhoff will be
grilled on a landmark corporate split that has so far failed to
revive the group's share price.
Uebber, a core part of the Daimler management team that
nursed Mercedes-Benz back to health after a messy divorce from
Chrysler, had been expected to fill one of two vacant
seats on Thyssenkrupp's supervisory board.
One of the two vacancies was filled on Tuesday with the
appointment of Martina Merz, chairwoman of automotive supplier
"With her expertise and experience, Ms. Merz is a competent
addition to our supervisory board," said Thyssenkrupp Chairman
Bernhard Pellens, who has to step down in 2020 under German
corporate governance rules.
Sources told Reuters this month that Merz, who also sits on
Lufthansa's supervisory board and the board of
directors at truck manufacturer Volvo, was among the
candidates to join the board.
(Reporting by Christoph Steitz and Tom Kaeckenhoff
Editing by David Goodman)
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