SSAB Announces Future Group Executive Committee and Divisional Structure
07/15/2014 - SSAB announced the future Group Executive Committee and divisional structure to be effective from 1 September 2014, pending the closing of the share exchange offer to Rautaruukki’s shareholders announced on 22 January 2014.
The members of the future Group Executive Committee will be:
Martin Lindqvist (1962), president and CEO of SSAB
Member of SSAB’s Group Executive Committee since 2001. Employed at SSAB since 1998. Previously, head of SSAB EMEA; head of SSAB Strip Products; CFO SSAB; CFO SSAB Strip; chief controller NCC. B.Sc. in Economics, Uppsala University.
Divisions
Olavi Huhtala (1962), EVP & head of SSAB Europe
Employed at Rautaruukki since 1987. Previously, EVP Ruukki Metals; president, Ruukki Fabrication; marketing and executive roles in Rautaruukki Metform. B.Sc. in Engineering.
Mikael Nyquist (1963), president Tibnor
Employed at SSAB since 1995. Previously, president Plannja; head of marketing and sales SSAB Prelaq; president Swedish Institute of Steel Construction; engineer NCC. M.Sc, Royal Institute of Technology.
Charles Schmitt (1959), EVP & head of SSAB Americas
Employed at IPSCO Inc. since 1990 and member of SSAB´s Group Executive Committee since 2011. Previously, positions with U. S. Steel; VP of the Southern Business Unit for SSAB Americas. B.Sc. Business Administration/Finance. The University of Texas at Arlington, two-year steel fellowship at the American Iron and Steel Institute.
Marko Somerma (1966), president of Ruukki Construction
Employed at Rautaruukki since 2004. Previously, EVP Ruukki Building Products; CSO Rautaruukki Corporation; EVP Ruukki Engineering; CSO Rautaruukki Corporation; chief process & information technology officer, Instrumentarium Ltd; business development director, Gustav Paulig Ltd. Lic. Sc. in Technology.
Per Olof Stark (1954), EVP & head of SSAB Special Steels
Employed at SSAB since 1983. Previously, head of the SSAB Wear Services business unit; president of the wholly owned subsidiary Plannja; head of marketing at SSAB’s former Plate Division; head of business area Europe and the U.S. Head of global marketing, head of sales and product development at SSAB Plate. M.Sc, Royal Institute of Technology.
Support functions
Jonas Bergstrand (1965), executive vice president and head of legal and strategy
Employed at SSAB since 2006. Previously, corporate counsel ABB; OM Gruppen; Ericsson Radio Systems. Master of Laws, Uppsala University.
Håkan Folin (1976), executive vice president and chief financial officer
Employed at SSAB since 2006. Previously, CFO at SSAB APAC; CFO at Tibnor, head of business development, SSAB. M.Sc., The Royal Institute of Technology, Stockholm.
Monika Gutén (1975), executive vice president and head of group human resources, procurement and shared services
Employed at SSAB since 2007. Previously, head of human resources, SSAB EMEA; head of business development, SSAB. M.Sc. in Business Administration, Stockholm University.
Taina Kyllönen (1967), executive vice president and head of group communications
Employed at Rautaruukki since 2004. Previously, SVP, marketing and communications; SVP, marketing; VP, communications and branding at Rautaruukki Corporation; VP, investor relations at Metso Corporation and Rauma Corporation. M.Sc. in Economics, School of Business, Aalto University, Helsinki.
Gregoire Parenty (1962), executive vice president and head of market development
Employed at SSAB since 2004. Previously, head of market at SSAB EMEA; several positions within ArcelorMittal. Maitrise de Sciences Economiques from the Sorbonne University, MBA, Dallas University.
Martin Pei (1963), executive vice president and head of technical development
Employed at SSAB since 2001. Previously, executive vice president, technical director at SSAB; manager R&D Department at SSAB; general manager, slab production at SSAB Plate. Ph. D., The Royal Institute of Technology, Stockholm.
The new SSAB will be organized in a divisional model:
The combination is expected to create substantial value for shareholders in both SSAB and Rautaruukki stemming from both improved earnings potential and realization of tangible cost synergies. The cost synergies are expected to be realized through a more flexible and efficient production system, more efficient supply chain, purchasing optimization and streamlined administration.
The preliminary combined net sales for 2013 amounted to approximately SEK 56 billion (€ 6.4 billion) and the combined company will have around 17,300 employees. The combined company will have steel production facilities in Sweden, Finland and the United States with a total annual steel production capacity of approximately 8.8 million metric tons.
Martin Lindqvist (1962), president and CEO of SSAB
Member of SSAB’s Group Executive Committee since 2001. Employed at SSAB since 1998. Previously, head of SSAB EMEA; head of SSAB Strip Products; CFO SSAB; CFO SSAB Strip; chief controller NCC. B.Sc. in Economics, Uppsala University.
Divisions
Olavi Huhtala (1962), EVP & head of SSAB Europe
Employed at Rautaruukki since 1987. Previously, EVP Ruukki Metals; president, Ruukki Fabrication; marketing and executive roles in Rautaruukki Metform. B.Sc. in Engineering.
Mikael Nyquist (1963), president Tibnor
Employed at SSAB since 1995. Previously, president Plannja; head of marketing and sales SSAB Prelaq; president Swedish Institute of Steel Construction; engineer NCC. M.Sc, Royal Institute of Technology.
Charles Schmitt (1959), EVP & head of SSAB Americas
Employed at IPSCO Inc. since 1990 and member of SSAB´s Group Executive Committee since 2011. Previously, positions with U. S. Steel; VP of the Southern Business Unit for SSAB Americas. B.Sc. Business Administration/Finance. The University of Texas at Arlington, two-year steel fellowship at the American Iron and Steel Institute.
Marko Somerma (1966), president of Ruukki Construction
Employed at Rautaruukki since 2004. Previously, EVP Ruukki Building Products; CSO Rautaruukki Corporation; EVP Ruukki Engineering; CSO Rautaruukki Corporation; chief process & information technology officer, Instrumentarium Ltd; business development director, Gustav Paulig Ltd. Lic. Sc. in Technology.
Per Olof Stark (1954), EVP & head of SSAB Special Steels
Employed at SSAB since 1983. Previously, head of the SSAB Wear Services business unit; president of the wholly owned subsidiary Plannja; head of marketing at SSAB’s former Plate Division; head of business area Europe and the U.S. Head of global marketing, head of sales and product development at SSAB Plate. M.Sc, Royal Institute of Technology.
Support functions
Jonas Bergstrand (1965), executive vice president and head of legal and strategy
Employed at SSAB since 2006. Previously, corporate counsel ABB; OM Gruppen; Ericsson Radio Systems. Master of Laws, Uppsala University.
Håkan Folin (1976), executive vice president and chief financial officer
Employed at SSAB since 2006. Previously, CFO at SSAB APAC; CFO at Tibnor, head of business development, SSAB. M.Sc., The Royal Institute of Technology, Stockholm.
Monika Gutén (1975), executive vice president and head of group human resources, procurement and shared services
Employed at SSAB since 2007. Previously, head of human resources, SSAB EMEA; head of business development, SSAB. M.Sc. in Business Administration, Stockholm University.
Taina Kyllönen (1967), executive vice president and head of group communications
Employed at Rautaruukki since 2004. Previously, SVP, marketing and communications; SVP, marketing; VP, communications and branding at Rautaruukki Corporation; VP, investor relations at Metso Corporation and Rauma Corporation. M.Sc. in Economics, School of Business, Aalto University, Helsinki.
Gregoire Parenty (1962), executive vice president and head of market development
Employed at SSAB since 2004. Previously, head of market at SSAB EMEA; several positions within ArcelorMittal. Maitrise de Sciences Economiques from the Sorbonne University, MBA, Dallas University.
Martin Pei (1963), executive vice president and head of technical development
Employed at SSAB since 2001. Previously, executive vice president, technical director at SSAB; manager R&D Department at SSAB; general manager, slab production at SSAB Plate. Ph. D., The Royal Institute of Technology, Stockholm.
The new SSAB will be organized in a divisional model:
- SSAB Special Steels – Global steel and service partner in value added products within advanced high strength steels (AHSS) and quenched & tempered steels (Q&T)
- SSAB Europe – Leading Nordic based steel producer of high-quality strip, heavy plate and tubes
- SSAB Americas – Leading North American based steel producer of high-quality heavy plate
- Tibnor – Leading Nordic full-service steel distribution partner
- Ruukki Construction – Leading European provider of energy efficient building and construction solutions
The combination is expected to create substantial value for shareholders in both SSAB and Rautaruukki stemming from both improved earnings potential and realization of tangible cost synergies. The cost synergies are expected to be realized through a more flexible and efficient production system, more efficient supply chain, purchasing optimization and streamlined administration.
The preliminary combined net sales for 2013 amounted to approximately SEK 56 billion (€ 6.4 billion) and the combined company will have around 17,300 employees. The combined company will have steel production facilities in Sweden, Finland and the United States with a total annual steel production capacity of approximately 8.8 million metric tons.
