The Group Executive Committee is responsible for the formulation and implementation of the Group’s overall strategies and addresses issues such as acquisitions and divestments. These issues, as well as major capital expenditures (in excess of SEK 50 million), are prepared by the Group Executive Committee for decision by the Board of Directors of the parent company.
The President is responsible for the day-to-day management of the Company in accordance with the Board of Directors’ instructions and guidelines. The Group Executive Committee consists:
|Executive Vice Presidents and Head of SSAB EMEA|
|Executive Vice Presidents and Head of SSAB Americas|
|Executive Vice Presidents and Head of SSAB APAC|
|Executive Vice Presidents and the Chief Financial Officer|
|Executive Vice Presidents and General Counsel|
|Executive Vice Presidents and Head of Human Resources|
|Executive Vice Presidents and Head of Marketing|
|Executive Vice Presidents and Head of Communications|
The Group Executive Committee holds monthly meetings in order to discuss the results and financial position of the Group as well as business areas/subsidiaries. Other issues addressed at Group Executive Committee meetings include strategic issues and follow-up on budget and forecasts.
The head of each business area and subsidiary is responsible for the respective income statement and balance sheet. Overall operational control of the business areas takes place through monthly performance reviews and, in Plannja and Tibnor, through each Board of Directors. The President of the parent company is the Chairman of the Board of each of the directly-owned major subsidiaries and these board s also include other members from the Group Executive Committee as well as employee representatives. The Boards of the subsidiaries monitor the ongoing operations and determine strategies and budgets.