STOCKHOLM (Reuters) -Swedish green steel startup Stegra has appointed board member Shaun Kingsbury as its new chair, replacing company co-founder Harald Mix who will remain on the board, the company
Stegra Appoints Shaun Kingsbury as New Chair, Replacing Harald Mix
Leadership Changes at Stegra
STOCKHOLM (Reuters) -Swedish green steel startup Stegra has appointed board member Shaun Kingsbury as its new chair, replacing company co-founder Harald Mix who will remain on the board, the company said in a statement on Monday.
Funding Plans and New Appointments
Stegra, which said last week it plans to raise some $1.1 billion in additional funding, also announced it had nominated two new board members, Aidan de Brunner and Emmanuel Rodriguez, replacing Annica Bresky and Susanna Campbell who will step down.
Background of New Board Members
Rodriguez has experience across steel, energy and industrial sectors, including at ArcelorMittal, while de Brunner brings board, management, investment and advisory experience from a range of companies including Britain's Thames Water and Videndum, Stegra said.
Impact of Outgoing Chair's Departure
Stegra, formerly H2 Green Steel, said last year it had secured 6.5 billion euros in funding for a plant now under construction in northern Sweden, which will use hydrogen made on-site from renewable electricity in its production process.
Outgoing Chair Harald Mix was also the co-founder of Swedish battery maker Northvolt, which filed for bankruptcy in March this year.
(Reporting by Greta Rosen Fondahn and Terje Solsvik, editing by Essi Lehto)
