Stegra Implements Changes Following 100-Day Review Under New Owners - Håkan Buskhe Appointed CEO
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12 Articles
svt Nyheter
Magasin MACKENThe board of directors of steel manufacturer Stegra has appointed former Saab boss Håkan Buskhe as new CEO, the company said in a press release. The company also confirms media reports that more financing is needed.
The board of directors of steel manufacturer Stegra has appointed former Saab boss Håkan Buskhe as new CEO, the company said in a press release. The company also confirms media reports that more financing is needed.
Stegra needs additional capital to complete the steel project in Boden after the estimated costs became significantly higher than assumed in June, according to a press release. At the same time, Håkan Buskhe is appointed as the new CEO, effective November 1.
The crisis-ridden Stegra needs even more money. Just months after June's rescue package, the board says that the steel mill in Boden will be significantly more expensive to complete than expected, while the CEO is being replaced. The announcement came on Wednesday, after a review that the new ownership group and the board have conducted during their first 100 days. Stegra writes that additional capital is required, as the estimated costs are sig…
Tech.eu
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