Steel Mills

SSAB CEO to step down, search for new leader begins

Written by Laura Miller

April 8, 2024

Martin Lindqvist will be stepping down as president and CEO of Swedish steelmaker SSAB.

The company has begun the recruitment process to find a replacement. Lindqvist agreed to stay on as leader until a successor has been named.

Lindqvist, who has been with SSAB for 26 years, has served as the company’s president and CEO since 2011.

During his tenure, SSAB acquired Finland’s Rautaruukki and began producing fossil-free steel using Hybrit technology.

“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 fundamental in building the company that SSAB is today and in driving the transformation to fossil-free production,” commented Lennart Evrell, SSAB’s chairman of the board, in a statement.

“I’m very happy to have had the privilege to be part of this incredible journey together with many proud and skilled employees at SSAB,” Lindqvist said. “At some point, you have to step down, and for me, that time has come.”

Lindqvist said he will now focus on board and advisory positions.

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. She has held a variety of positions within the steel industry since 2007, including reporting and editing for Steel Business Briefing/Platts, the Association for Iron and Steel Technology, and Kallanish Commodities, as well as marketing for what was then known as ThyssenKrupp Steel USA (now AM/NS Calvert). After a five-year hiatus working across other industries, she returned to steel in 2021 and has covered the flat rolled, tubular, and trade areas of the industry. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania. She can be reached at laura@steelmarketupdate.com or 724-759-7869.

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