SSAB names new CEO

Sweden-based steel producer SSAB, which operates recycled-content steel mills in North America, has appointed Johnny Sjöström its new president and CEO, effective Oct. 28.

The new appointee, who currently heads the SSAB Special Steels division, succeeds Martin Lindqvist, who announced his intention to step down from the CEO post earlier this year.

Sjöström has extensive experience in the industry and the international business arena. As head of SSAB Special Steels since 2019, he has worked to develop and grow the company’s business for special steels and overseen the green transformation of SSAB’s steelwork in Oxelösund, Sweden.

Before serving in that role, Sjöström was CEO of Sweden-based tool steelmaker Uddeholm and held different management positions at Finland-based Outokumpu Stainless Oy.

“SSAB’s board and I are very happy that Johnny Sjöström has accepted the position as president and CEO of SSAB,” says Lennart Evrell, board chair of the firm. “He has solid technical knowledge and extensive experience within the industry in the Nordic region and internationally.

“With his background and experience, he is the right person to lead SSAB forward. I also want to take this opportunity to thank Martin for his many achievements at SSAB and for having developed the company into the great and strong corporation it is today.”

“I am honored and proud that the board has given me the confidence to lead SSAB into the next phase,” says Sjöström. “I will now spend a lot of time listening in and traveling around the organization to get to know all parts of the company ahead of my start on Oct. 28. “During the past years, I have worked closely with Martin Lindqvist, and I look forward to continuing to deliver on the company’s long-term strategy together with all our skilled employees.”

Lindqvist will remain president and CEO of the firm until Oct. 27.