SSAB's CEO departs

8/04/2024, 13:54

Image: SSAB

After 26 years with the company and 13 years as CEO and President, Martin Lindqvist has decided to leave SSAB to pursue a continued board career.

Anna Broberg

Martin Lindqvist has been employed at SSAB since 1998 and has served as the company’s CEO and President since 2011. Under his leadership, SSAB acquired the Finnish company Rautaruukki. In 2016, work began to transition the steel industry to fossil-free production through HYBRIT, a joint venture between SSAB, LKAB and Vattenfall. SSAB has since made a strategic decision to convert its entire Nordic production system to fossil-free production. Last year, the transition of the Oxelösund site began, and just last week a decision was made to convert operations in Luleå.

– During Martin’s time as CEO, SSAB has developed into a publicly traded company with global markets and a strong financial position. He has been instrumental in building the company that SSAB is today and in driving the transition to fossil-free production. He is a highly respected leader and CEO. I want to thank Martin for his contributions to the company and wish him the best in his future endeavors, says Lennart Evrell, Chairman of the Board of SSAB.

– I am extremely grateful to have had the privilege of being part of this fantastic journey together with many proud and skilled employees at SSAB. At some point, one must step down, and for me, that time is now. Going forward, I will devote more time to board positions and advisory roles, says Martin Lindqvist.

Martin Lindqvist has a 6-month notice period but will remain until a successor is appointed. A recruitment process to find his replacement will begin immediately.

The translation was written by an AI system, though the original text was authored by a human.