Scott MacDonald, Chairman since the demerger and creation of Stemcor Group Holdings in October 2015, will be stepping down from his role to take on new opportunities.
Martyn joins Stemcor with over 35 years of significant experience in both commodities and investment banking. He is a qualified Barrister, a Fellow of the Chartered Institute of Bankers, the Non-Executive Chairman of Belgian listed zinc smelting group, Nyrstar NV, as well as Non-Executive Chairman at Euromax Resources; and Chief Investment Officer for T Wealth Management SA, a private multi-family office.
Steve Graf, CEO of Stemcor, commented: “We welcome Martyn and believe that his skills and experience will be beneficial as we move forward with a recently strengthened Balance Sheet and enhanced new Trade Finance Facilities.
During Scott’s Chairmanship, the Group has made significant progress and I’m grateful for his support. All at Stemcor thank him for his contributions and wish him all the best in the future.”
Martyn Konig, the incoming Group Chairman, commented: “Over the course of many decades Stemcor has built an enviable position within the global steel industry. My predecessor oversaw the business during a period of tough market conditions and the successful restructuring of 2015 is now complete as is evidenced by the 2017 financial results.
The new Stemcor has emerged as a more focused and financially robust trading group in the international steel market, and I look forward to working with Steve and the management team.”