Stegra appoints Hakan Buskhe as CEO from November 1; needs more capital
Stegra said it will appoint Hakan Buskhe as new CEO on November 1, replacing Henrik Henriksson who will stay as adviser. It cited a review showing higher-than-assumed completion costs for its steel plant, requiring additional capital.
COPENHAGEN, Sept 30 (Reuters) — Swedish green steel startup Stegra said on Wednesday it has decided to appoint Hakan Buskhe as its new CEO as of November 1, to replace Henrik Henriksson who will remain with the company as an adviser. A review of the company conducted in the last 100 days shows that additional capital is required to complete the steel plant project, as the estimated costs of completing it are significantly higher than assumed in June, Stegra said. com; +45 21 27 97 79;)