Frank Koch new CEO of Swiss Steel Group as of July 1, 2021
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, March 23, 2021 - Frank Koch will become Chief Executive Officer (CEO) of Swiss Steel Group, a global leader in special long steel, on July 1, 2021. The Board of Directors has appointed Frank Koch as CEO in December 2020 effective no later than January 1, 2022 (as published in the media release as per December 21, 2020) and has now reached an agreement with his previous employer for an earlier start date. The current CEO Clemens Iller will leave the company on June 30, 2021. Frank Koch (49) successfully led and restructured the long-established German steel producer GMH Group (Georgsmarienhütte) as CEO in 2017 until the end of December 2020. Since 2008, he has been responsible for various functions within the Group. He began his career as CSO and Head of Logistics for the largest company in the GMH Group, the steel mill in Georgsmarienhütte. In 2015, he became COO of the entire GMH Group and thus joined the Executive Board as Managing Director. Frank Koch began his career in 1991 with an apprenticeship in industrial general administration in the steel division of ThyssenKrupp. He then held various management positions in the ThyssenKrupp Group, including at Deutsche Edelstahlwerke, now part of the Swiss Steel Group, before taking on responsibility for strategy and sales at leading Italian steel producer Danieli from 2003 to 2005. In 2005 he returned to Deutsche Edelstahlwerke, where he was responsible for sales and strategy until the beginning of 2008. Heinrich Christen, Chairman of the Board of Directors, stated: "Frank Koch has everything it takes to lead Swiss Steel Group to success as CEO, even in times of continuing major challenges. With an impressive career from basic training to CEO of a complex industrial group and positions at several leading steel companies, Frank Koch has outstanding strategic and operational skills and experience. He has successfully implemented comprehensive turnaround and restructuring programs and in each case achieved significant improvements in the operating and financial performance of the companies he led." -END- For further information: About Swiss Steel Group The Swiss Steel Group is currently one of the world's leading providers of customized solutions in the field of special long steel products. The Group is also one of the leading manufacturers in the global market for both tool steel and stainless long steel and is one of the two largest companies in Europe for alloyed and high-alloy quality & engineering steel. With close to 10,000 employees at its own production and distribution companies in over 30 countries across five continents, the Company supports and supplies its customers around the globe and offers them a full product portfolio from Production and Sales & Services. They benefit from the Company's technological expertise, consistently high product excellence across the globe, and in-depth knowledge of local markets. Disclaimer This document is not an offer to sell or a solicitation of offers to purchase or subscribe for shares. This document is not a prospectus within the meaning of Article 35 et seqq. of the Swiss Federal Act on Financial Services and not a prospectus under any other applicable laws. Copies of this document may not be sent to jurisdictions, or distributed in or sent from jurisdictions, in which this is barred or prohibited by law. 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Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors which may result in a substantial divergence between the actual results, financial situation, development or performance of Swiss Steel Holding AG and those explicitly or implicitly presumed in these statements. Against the background of these uncertainties, readers should not rely on forward-looking statements. Swiss Steel Holding AG assumes no responsibility to update forward-looking statements or to adapt them to future events or developments. Except as required by applicable law, Swiss Steel Holding AG has no intention or obligation to update, keep updated or revise this publication or any parts thereof (including any forward-looking statement) following the date hereof. 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