Martin Lindqvist appointed new CEO of SSAB

Martin Lindqvist appointed new CEO of SSAB

Martin Lindqvist has today been appointed as the new CEO of SSAB. He is
currently head of the company's largest business area, SSAB EMEA, and
will succeed Olof Faxander, on January 1, 2011. Olof Faxander will
become the new CEO of Sandvik AB.

“Martin possesses solid experience of the steel industry and SSAB. The
Board believes that he is well suited for the task to lead SSAB's
continued development,” says Chairman of the Board Sverker Martin-Löf.

Martin Lindqvist is aged 48 and holds a Bachelor of Science in
Economics.
He began at SSAB in 1998 and has served as CFO of SSAB's Strip business
during 1999-2000, as Group CFO 2001-2008, as Head of the Strip Products
Division 2008-2009, and since 2010 has been Head of the business area
SSAB EMEA (Europe, Middle East and Africa).

Martin Lindqvist succeeds Olof Faxander, who will become the new CEO of
Sandvik AB.

“Olof has successfully managed the transformation of SSAB into a modern
and increasingly global steel company. At the same time, the
specialization towards quenched steels has been strongly developed,”
says Sverker Martin-Löf.

For further information, please contact:

Helena Stålnert, EVP, Communications, +46 8- 45 45 734
Catarina Ihre, Director Investor Relations, +46 706 07 92 63