Outokumpu Oyj announced the appointment of Marc-Simon Schaar (M.Sc. International Business) as Chief Procurement Officer and member of Outokumpu Leadership Team with immediate effect. Marc-Simon Schaar has been working at Outokumpu since 2011 in senior roles in finance, M&A and raw materials procurement, most recently as SVP, Raw Materials Procurement.

Marc-Simon Schaar is based in Germany and reports to CEO Heikki Malinen. Chief Procurement Officer is a new role in the company. Marc-Simon has extensive experience in various areas of Outokumpu which forms a solid basis to succeed in this important role.

Work experience: Senior Vice President, Raw Materials: Outokumpu 2021-2023 - Senior Vice President, Treasury, Risk Management, M&A and Investor Relations: Outokumpu 2020-2022 - Senior Vice President, Finance, BA Europe & BA Ferrochrome: Outokumpu 2016-2020 - Senior Vice President, Head of Group Controlling (FP&A), M&A and Management Information Systems: Outokumpu 2014-2016 - Vice President, Head of Special Projects: Outokumpu 2013-2014 - Senior Manager, Accounting, Controlling and Post-Merger Integration: Inoxum 2012-2013 - Manager Transaction Advisory Services: EY 2006-2011. Positions of trust: Member of the Board of Directors: OSTP Holding Oy 04/2017-Chairman of the Finance Committee: Fennovoima Oy 06/2021-09/2022 - Member of the Board of Directors: Outokumpu Nirosta GmbH 08/2014-05/2019.