Outokumpu: A Strategic Move Towards Sustainable Growth

Outokumpu, has recently made a significant announcement regarding the appointment of Marc-Simon Schaar as its Chief Financial Officer, effective June 1, 2024. With a robust background in international business and a Chartered Accountant designation, Schaar brings over a decade of invaluable experience within the company, notably in pivotal roles such as Business Controlling, Treasury, M&A, and Procurement.

Having served as the Chief Procurement Officer and as a member of the leadership team since 2023, Schaar has demonstrated exemplary strategic acumen and a deep understanding of Outokumpu’s operations. His tenure has been marked by notable achievements, particularly in steering the company’s raw material procurement, a crucial aspect given its substantial impact on the cost base.

Heikki Malinen, President & CEO of Outokumpu, expressed his satisfaction with Schaar’s appointment, emphasizing his comprehensive expertise in both finance and business domains. Malinen highlighted Schaar’s instrumental role in driving financial performance in alignment with the company’s overarching objectives.

In response to his appointment, Schaar conveyed his honor and enthusiasm in taking on the role of CFO, expressing his commitment to furthering Outokumpu’s financial performance. He emphasized the company’s solid foundation, boasting the strongest balance sheet in the industry, which positions them favorably for sustainable growth.

Schaar articulated his dedication to leveraging this financial strength to propel the company forward, with a keen focus on creating long-term value for shareholders, employees, and stakeholders alike. His vision aligns with Outokumpu’s strategic priorities, aiming for sustainable growth while maintaining a steadfast commitment to corporate responsibility.

The appointment of Marc-Simon Schaar as CFO signifies a strategic move by Outokumpu to capitalize on internal talent and expertise, ensuring continuity and alignment with the company’s strategic direction. With his proven track record and comprehensive understanding of the business landscape, Schaar is poised to lead Outokumpu’s financial strategies towards greater success and resilience in the ever-evolving stainless steel industry.

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