Changes to Stegra's Board of Directors

Expressen

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The steel company Stegra is bleeding money. If the industrial project collapses, Swedish pension savers risk losing billions. Now two members are leaving the board – while multi-billionaire Harald Mix is stepping down from the chairmanship.

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Harald Mix, a major shareholder in Stegra, is stepping down as chairman of the steel company but will remain a board member. The new chairman will be Shaun Kingsbury from Al Gore's Just Climate fund.

Svenska Dagbladet

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Crisis-stricken Stegra is making a major reshuffle on the board. Major owner Harald Mix unexpectedly hands over the baton to Shaun Kingsbury. "My confidence in Stegra is unwavering," says Mix in a comment.

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Harald Mix is stepping down as chairman of the board of the steel project Stegra. Current board member Shaun Kingsbury will succeed Mix, Stegra said in a press release.

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The green steel company in northern Sweden, Stegra, is in crisis meetings with financiers on Tuesday, writes the Financial Times. On Monday, the chairman of the board resigned.