Following the issuing of new shares, Swiss Steel has announced changes to its supervisory board, which include the proposed appointment of Martin Lindqvist, the outgoing chief executive of Swedish steelmaker SSAB, Kallanish notes.
Besides Lindqvist, nominations for election to the board at the annual general meeting on 23 May will include Alexander Gut and Karl Haider.
Gut would represent BigPoint Holding, which in the wake of the share issue has emerged as Swiss Steel’s majority stakeholder with two thirds of shares (see Kallanish 19 April).
In addition to him, Lindqvist and Haider would be nominated as independent board members. Haider is chief executive of Semperit Holding. His previous involvement with the steel industry included positions at Tata Steel Europe as well as the performance metals division of voestalpine.
According to the announcement, Lindqvist is expected to join the board from 1 October at the latest. SSAB is yet to appoint someone to succeed him as ceo. Of Swiss Steel’s existing board members, Jens Alder, David Metzger, Mario Rossi and Michael Schwarzkopf are standing for re-election, while Emese Weissenbacher is not.
Christian Koehl Germany
