Stegra has announced the appointment of Markus Holm as Chief Financial Officer, effective 1 March 2026. With more than 20 years of experience across the process industry, green energy, and entrepreneurship, Holm will be responsible for the company’s financial management.
Holm will succeed Otto Gernandt, who has spent more than five years at Stegra and has decided to step down to pursue new opportunities. To ensure a smooth transition, Gernandt will remain with the company as a senior advisor, focusing on ongoing financing activities.
Throughout his career, Holm has held CFO and senior executive positions at multinational companies and start-ups. He brings financial management experience across a wide range of sectors, from carton, tissue, and pulp to pharmaceuticals and green energy. Most recently, he served as CFO and Board Member at Elcogen Group. He previously held CFO and COO roles at Sanoma Corporation, as well as CFO positions at Metsä Board and Metsä Tissue Corporation.
Otto Gernandt joined Stegra in 2020 as a member of the founding management team and played a key role in the company’s financing processes. He was also actively involved in Stegra’s commercial activities, including the development of the green steel market.
Founded in 2020, Stegra began construction of its integrated green hydrogen, green iron, and green steel facility in 2022, following the completion of financing and permitting processes. The company has already completed much of the construction work at the site. It is currently focusing on engineering and equipment installation in the hydrogen, iron, and steel production areas, as well as at the water treatment plant and the on-site power station, while construction of the internal railway is also ongoing.
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