Ulrich Lehner, former Henkel CEO is tabbed to be the next chairman at ThyssenKrupp. The appointment is part of the changes being undertaken in the overhaul of board of directors of the German steelmaker. The news was first reported by Euro am Sonntag citing anonymous sources.Lehner is the current head of Deutsche Telekom has the best chance of becoming CEO after the ouster of Gerhard Cromme after twelve years on the post.

The revamp is part of the company housecleaning after scandals hit the company, focusing mainly on CEO Heinrich Hiesinger when he fired half of his management board last year. Another candidate, according to a news report from Sueddeutsche Zeitung, is Germany's BDI Industry Federation head Hans-Peiter Keitel. In response, a ThyssenKrupp responded to an inquiry on the issue saying "We don't comment on speculation." This though is still up in the air as there are many factions within the company itself that need to tow the line in order to validate any choice for CEO.