Lindqvist steps down as SSAB chief

Martin Lindqvist is stepping down as the chief executive officer of Sweden’s Svenskt Stal AB (SSAB), the company announced on Monday April 8.

Lindqvist has six months’ notice and has agreed to stay until a successor is in place, according to the announcement. A recruitment process to find his successor will start immediately.

Lindqvist has been SSAB’s CEO for 13 years and has worked at the company for 26 years.

“During Martin’s time as CEO, SSAB has developed into a publicly traded company with global markets and a strong financial position,” SSAB board chairman Lennart Evrell said in the announcement. “He has been fundamental in building the company that SSAB is today and in driving the transformation to fossil-free production.”

SSAB Americas, a division of SSAB, was selected for award negotiations as part of the US Department of Energy’s $6 billion investment in projects to decarbonize energy-intensive industries.

The company was chosen for the potential construction of a HYBRIT manufacturing facility, which can produce fossil-free iron by using green hydrogen instead of fossil fuels.

SSAB Americas, the largest producer and supplier of steel plate in North America, operates a mill in Muscatine, Iowa, and the company’s special steels division has a facility in Mobile, Alabama.

Published by: Rijuta Dey Bera