21. december 2020

Frank Koch new CEO of Swiss Steel Group

FOR RELEASE IN SWITZERLAND – NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN.

 

Lucerne, December 22, 2020 - The Board of Directors of Swiss Steel Group, a global leader in special long steel, has appointed Frank Koch as Chief Executive Officer (CEO) of the Group effective January 1, 2022 at the latest. Now that key milestones in the realignment of the Swiss Steel Group have been reached, the current CEO Clemens Iller has decided to leave the company, thus also enabling a fresh start for the management of the Group.

Frank Koch (48) has successfully managed and restructured the long-established German steel producer GMH Group (Georgsmarienhütte) as CEO for the last three years, having already been a member of the Group Executive Board there as CSO/Logistics and COO from 2008. Frank Koch began his career in 1991 with an apprenticeship in industrial general administration in the steel division of ThyssenKrupp. While holding various positions in the ThyssenKrupp Group, he was also working for the first time at Deutsche Edelstahlwerke, a subsidiary of the Swiss Steel Group, before becoming responsible for strategy and sales at leading Italian steel producer Danieli from 2004 to 2006. In 2006 he returned to Deutsche Edelstahlwerke, where he was also responsible for sales and strategy until 2007.

Since joining the company in April 2014, Clemens Iller has successfully led the current Swiss Steel Group during a period marked by major structural and financial challenges. He moved the company's headquarters from Germany to Switzerland in 2015, acquired the Ascometal Group in 2018, was responsible for several refinancings and consolidated Swiss Steel Group Business Units into a unified group. The global sales presence was expanded to more than 70 branches and a uniform sales concept was introduced at the same time. To counter the economic consequences of the market downturn and the Covid-19 crisis, a 5-year restructuring program was set up under his leadership and successfully implemented in 2020. He will remain available to the company in an advisory capacity until further notice to ensure a seamless transition to his successor.

Jens Alder, Chairman of the Board of Directors, says: "With an impressive career from basic training to CEO of a complex industrial group and positions at several leading steel companies, Frank Koch demonstrated outstanding strategic and operational skills and experience. He successfully implemented comprehensive turn-around and restructuring programs and in each case achieved significant improvements in the operating and financial performance of the companies he led. He has what it takes to lead the Swiss Steel Group to success, even at times of continuing major challenges. The Board of Directors thanks Clemens Iller for his great commitment in leading the company in a very challenging environment and for his dedication in focusing the company on its core as a sustainable steel producer."

Clemens Iller, outgoing CEO, says: "I am grateful to have been able to lead and shape the Swiss Steel Group for almost 7 years through challenging times and changes in the international environment. Following the stabilization and refinancing of the group, I am now giving the way for a new management team and turn my attention to new tasks.'



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Für weitere Informationen:

Für Medienanfragen:
Dr. Andrea Geile, a.geile@swisssteelgroup.com, Tel +41 (0)41 581 4121

Für Analysten- / Investorenanfragen:
Daniel Geiger, d.geiger@swisssteelgroup.com, Tel +41 (0)41 581 4160

 
 
 

Über Swiss Steel Group
Die Swiss Steel Group ist heute einer der führenden Anbieter individueller Lösungen im Bereich Spezialstahl-Langprodukte weltweit. Sowohl bei Werkzeugstahl als auch bei rostfreiem Langstahl zählt der Konzern zu den führenden Herstellern im globalen Markt und gehört zu den beiden grössten Unternehmen in Europa für legierten und hochlegierten Edelbaustahl. Mit über 10 000 Mitarbeitern und eigenen Produktions- und Distributionsgesellschaften in über 30 Ländern auf fünf Kontinenten gewährleistet das Unternehmen die globale Betreuung und Versorgung seiner Kunden und bietet ihnen weltweit ein komplettes Portfolio aus Produktion und Sales & Services. Sie profitieren von der technologischen Expertise des Unternehmens, der weltweit konstant hohen Produktqualität sowie der detaillierten Kenntnis lokaler Märkte.

Disclaimer
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A decision to invest in securities of Swiss Steel Holding AG should be based exclusively on the issue and listing prospectus published by Swiss Steel Holding AG (the "Company") for such purpose. Copies of the prospectus and any supplement will be available free of charge in Switzerland expected from 11 January 2021 for 12 months following the first trading day at Credit Suisse AG, Zurich, Switzerland (email: equity.prospectus@credit-suisse.com) or at UBS AG, Prospectus Library, P.O. Box, 8098 Zurich, Switzerland (Telephone: +41 (0) 44 239 47 03 (answering machine); Fax: +41 (0) 44 239 69 14; email: swiss-prospectus@ubs.com).

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Swiss Steel Holding AG, Landenbergstrasse 11, CH-6005 Luzern, Telefon +41 41 581 40 00, www.swisssteel-group.com