Outokumpu Appoints Marc-Simon Schaar as Chief Financial Officer

Outokumpu Appoints Marc-Simon Schaar as Chief Financial Officer

(IN BRIEF) Outokumpu Corporation has announced the appointment of Marc-Simon Schaar as its Chief Financial Officer, effective June 1, 2024. Schaar, who holds an M.Sc. in International Business and is a Chartered Accountant, brings over a decade of experience in finance and business roles within the company, including senior positions in Business Controlling, Treasury, M&A, and Procurement. He has been instrumental in steering the company’s raw material procurement efforts and is praised for his strategic guidance and financial acumen. In his new role, Schaar aims to leverage Outokumpu’s strong balance sheet to drive sustainable growth and create long-term value for shareholders, employees, and stakeholders. He reports directly to President & CEO Heikki Malinen.

(PRESS RELEASE) HELSINKI, 23-Apr-2024 — /EuropaWire/ — Marc-Simon Schaar (M.Sc. International Business, Chartered Accountant) has been appointed as Chief Financial Officer as of June 1, 2024. He has been working at Outokumpu since 2011 in senior roles in Business Controlling, Treasury, M&A and Procurement, most recently as Chief Procurement Officer and a member of the leadership team since 2023.

“We are pleased to announce the appointment of Marc-Simon Schaar as our Chief Financial Officer. Marc-Simon brings with him profound understanding of the stainless steel business as well as the organization, having worked over ten years in various finance and business roles in the company. In recent years, he has successfully steered our raw material procurement, which constitutes the biggest share of our cost base. With a proven track record of providing strategic guidance and driving financial performance in alignment with the company’s goals, Marc-Simon demonstrates comprehensive expertise in all aspects of CFO responsibilities,” says Heikki Malinen, President & CEO, Outokumpu.

“I am honored to take a new step in my Outokumpu career as CFO and continue the systematic work on the company’s financial performance. We have a solid foundation to build on with the strongest balance sheet in the industry. I am fully committed to leveraging this strength to drive sustainable growth and create long-term value for our shareholders, employees, and stakeholders alike,” says Marc Simon Schaar.

Marc-Simon Schaar is a German citizen. He reports to President & CEO Heikki Malinen.

Media Contacts:

Linda Häkkilä
Head of Investor Relations
tel. +358 400 719 669

Päivi Allenius
VP – Communications & Brand
tel. +358 40 753 7374

Outokumpu media desk
+358 40 351 9840

SOURCE: Outokumpu Oyj


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