The chief executive officer of Blastr Green Steel (BGS), Mark Bula, is to leave the company, Kallanish learns.
A published statement by the company says that Bula and Blastr “have reached an agreement regarding his departure” from the company. Bula was appointed as ceo in April 2024.
“Mark has played a key role in bringing Blastr to where it is today, and the board would like to thank him for his contribution,” says Olaf Wigstol, chairman.
A Blastr Green Steel spokesperson tells Kallanish: “We can confirm that BGS ceo Mark Bula is stepping down from his role, allowing for an orderly transition period. [The] current cfo, David Morant, will become ceo of BGS UK.”
They add that Morant is an experienced executive with more than 20 years in capital markets and has held senior leadership roles in companies involved in the industrial economy in the UK and worldwide.
The statement adds that the board and management team remain fully committed to the continued development of the Blastr companies and to maintaining strong relationships with its partners, suppliers and employees.
“All existing business operations and commitments continue as normal,” it concludes.
The low-carbon emissions project has not yet reached a final investment decision (FID) but was moving towards permitting in a March 2025 update.
Blastr is understood to still be in the running to acquire Speciality Steel UK (SSUK), with talks with the Insolvency Service still ongoing as the preferred bidder.
Sources familiar with the matter say Morant has been heavily involved with the negotiations for the potential takeover of SSUK.
