Steel Mills
SSAB Appoints Craelius as CFO
Written by David Schollaert
June 2, 2022
SSAB AB has named Leena Craelius as chief financial officer. Craelius had held the position of acting CFO since Nov. 1, 2021, succeeding Håkan Folin, who joined mining and infrastructure equipment make Epiroc.
Craelius will take up her new position immediately and will be based in Stockholm, the Swedish steelmaker said in a press release on Thursday, June 2.
Craelius has been with SSAB since 2005 and has held increasingly senior positions within the company. Prior to the interim CFO role, she most recently served as vice president of finance, controlling, and IT at SSAB Europe.
“I am very happy to welcome Leena in her new role,” SSAB president and CEO Martin Lindqvist said. “I’m convinced that she will in the best way contribute to our journey toward a fossil-free and industry-leading company.”
Craelius holds an MBA in Finance from Helsinki School of Economics and a BBA in International Business from Häme University of Applied Sciences.
By David Schollaert, David@SteelMarketUpdate.com
David Schollaert
Read more from David SchollaertLatest in Steel Mills
Ternium pushes forward with growth projects despite slump in earnings and Mexican market
Ternium S.A. Fourth quarter ended Dec.31 2024 2023 Change Net sales $3,876 $4,931 -21.4% Net income (loss) $333 $554 -39.9% Per diluted share $1.43 $2.11 -32.2% Full year ended Dec.31 Net sales $17,649 $17,610 0.2% Net income (loss) $174 $986 -82.4% Per diluted share $(0.27) $3.44 -108% (in millions of dollars except per share) While […]
Kestenbaum, Ancora state their case in proxy fight for U.S. Steel
Ancora Holdings is moving forward with its proxy fight to oust U.S. Steel’s leadership and install a new board of directors and Alan Kestenbaum as CEO.
BlueScope shelves midstream facility but still upbeat on US
BlueScope Steel is pulling back on its expansion plans in the US for now but remains optimistic about the North American market.
Japanese PM cites ‘unjust political interference’ in Nippon/USS deal: Report
Japan’s Prime Minister Shigeru Ishiba said on Monday that former President Joe Biden’s decision to block Nippon Steel’s buy of U.S. Steel was “unjust political interference,” according to a report in Reuters. This comes after another Reuters report on Friday saying that President Trump would not object to Nippon taking a minority stake in the […]
Trump says Nippon will ‘invest heavily’ in USS rather than buy it
Nippon Steel has agreed to “invest heavily in U.S. Steel as opposed to own it,” President Donald Trump said on Friday during a press conference with Japanese Prime Minister Shigeru Ishiba. U.S. Steel is “a very important company” and was once “the greatest company in the world”. Of potential foreign ownership of the Pittsburgh-based steelmaker, Trump said, “the concept, psychologically, not good."