SSAB CEO Martin Lindqvist Steps Down After 26 Years for New Board Career

(IN BRIEF) After 26 years with SSAB, Martin Lindqvist, the President and CEO for the past 13 years, has announced his decision to step down to focus on his board career. During his tenure, Lindqvist led SSAB through significant transformations, including the acquisition of Rautaruukki and the initiation of the fossil-free production initiative HYBRIT. Under his leadership, SSAB made strides towards sustainability and global market expansion. SSAB Board Chairman Lennart Evrell expressed gratitude for Lindqvist’s contributions, acknowledging his role in shaping SSAB’s success. Lindqvist will continue to serve until a successor is appointed, with the recruitment process already underway.

(PRESS RELEASE) STOCKHOLM, 8-Apr-2024 — /EuropaWire/ — After 26 years in the company and 13 years as President and CEO, Martin Lindqvist has decided to leave SSAB to further his board career. A recruitment process to find his replacement will start immediately.

Martin Lindqvist has been employed at SSAB since 1998 and served as the company’s President and CEO since 2011. Under his leadership, SSAB completed the acquisition of Finnish company Rautaruukki. In 2016, work began to transform the steel industry to fossil-free production through HYBRIT, a joint venture between SSAB, LKAB and Vattenfall. SSAB has since then taken a policy decision to transform the entire Nordic production system to fossil-free production. Last year, the transformation of the Oxelösund mill began and as recently as last week a decision was made to transform the steelwork in Luleå.

“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. He is a very appreciated leader and CEO. I want to thank Martin for his efforts for the company and wish him the best of luck in his future assignments,” says SSAB Board Chairman Lennart Evrell.

“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. At some point, you have to step down and for me that time has come. In the future, I will spend more time on board assignments and advisory roles,” says Martin Lindqvist.

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

Media Contact:

Viktoria Karsberg
Head of Corporate Identity and Group Communications
viktoria.karsberg@ssab.com
phone: +46 72 233 5288

Gunilla Hjalmarson
Head of External Communications
gunilla.hjalmarson@ssab.com
phone: +46 76117 9185

SOURCE: SSAB