Outokumpu Corporation
Stock exchange release 
April 22, 2024 at 8:00 am EEST

Changes in Outokumpu's Leadership Team: Marc-Simon Schaar appointed as CFO

Marc-Simon Schaar (M.Sc. International Business, Chartered Accountant) has been appointed as Chief Financial Officer as of June 1, 2024. He has been working at Outokumpu since 2011 in senior roles in Business Controlling, Treasury, M&A and Procurement, most recently as Chief Procurement Officer and a member of the leadership team since 2023.

"We are pleased to announce the appointment of Marc-Simon Schaar as our Chief Financial Officer. Marc-Simon brings with him profound understanding of the stainless steel business as well as the organization, having worked over ten years in various finance and business roles in the company. In recent years, he has successfully steered our raw material procurement, which constitutes the biggest share of our cost base. With a proven track record of providing strategic guidance and driving financial performance in alignment with the company's goals, Marc-Simon demonstrates comprehensive expertise in all aspects of CFO responsibilities," says Heikki Malinen, President & CEO, Outokumpu.

"I am honored to take a new step in my Outokumpu career as CFO and continue the systematic work on the company's financial performance. We have a solid foundation to build on with the strongest balance sheet in the industry. I am fully committed to leveraging this strength to drive sustainable growth and create long-term value for our shareholders, employees, and stakeholders alike," says Marc Simon Schaar.

Marc-Simon Schaar is a German citizen. He reports to President & CEO Heikki Malinen.

For more information:  

Investors: Linda Häkkilä, Head of Investor Relations, tel. +358 400 719 669  

Media: Päivi Allenius, SVP - Brand & Communications, tel. +358 40 753 7374 or Outokumpu media desk, tel. +358 40 351 9840

Outokumpu Corporation


Outokumpu is the global leader in stainless steel. The foundation of our business is our ability to tailor stainless steel into any form and for almost any purpose. Stainless steel is sustainable, durable and designed to last forever. Our customers use it to create civilization's basic structures and its most famous landmarks as well as products for households and various industries. Outokumpu employs approximately 8,500 professionals in close to 30 countries, with headquarters in Helsinki, Finland and shares listed in Nasdaq Helsinki. www.outokumpu.com




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