On May 31, Stockholm, Sweden-based special steel producer Ovako announced that Marcus Hedblom has been appointed as chief financial officer (CFO) of the company. Mr. Hedblorn will take up his new position on August 7 this year.
Ovako is a leading European producer of long special steel products, mainly low alloy steels and carbon steels in the form of bars, tubes, rings and pre-components. The company's total production capacity is 1.3 million metric tons of steel per year, with net sales of around €1.1 billion. Ovako Group has 14 production units and several sales companies in Europe and the USA.