Finance
Swedish green steel startup Stegra replaces board chair
Published by Global Banking & Finance Review®
Posted on October 20, 2025
2 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on October 20, 2025
2 min readLast updated: January 21, 2026
Stegra appoints Shaun Kingsbury as chair, replacing Harald Mix, and plans to raise $1.1 billion. New board members include Aidan de Brunner and Emmanuel Rodriguez.
STOCKHOLM (Reuters) -Swedish green steel startup Stegra has appointed board member Shaun Kingsbury as its new chair, replacing company co-founder Harald Mix who will remain on the board, the company said in a statement on Monday.
Stegra, which said last week it plans to raise some $1.1 billion in additional funding, also announced it had nominated two new board members, Aidan de Brunner and Emmanuel Rodriguez, replacing Annica Bresky and Susanna Campbell who will step down.
Rodriguez has experience across steel, energy and industrial sectors, including at ArcelorMittal, while de Brunner brings board, management, investment and advisory experience from a range of companies including Britain's Thames Water and Videndum, Stegra said.
Stegra, formerly H2 Green Steel, said last year it had secured 6.5 billion euros in funding for a plant now under construction in northern Sweden, which will use hydrogen made on-site from renewable electricity in its production process.
Outgoing Chair Harald Mix was also the co-founder of Swedish battery maker Northvolt, which filed for bankruptcy in March this year.
(Reporting by Greta Rosen Fondahn and Terje Solsvik, editing by Essi Lehto)
Green steel refers to steel produced using environmentally friendly processes, often utilizing renewable energy sources and reducing carbon emissions compared to traditional steel production methods.
A board chair is the leader of a company's board of directors, responsible for overseeing board meetings, guiding discussions, and ensuring effective governance of the organization.
Funding refers to the financial resources provided to support a project, business, or initiative, often in the form of investments, loans, or grants.
A startup is a newly established business, often in its early stages of development, typically focused on innovative products or services and seeking to grow rapidly.
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