SCHMOLZ + BICKENBACH wins Matthias Wellhausen as new CFO for the Group

Matthias Wellhausen (born 1957) can look back on a long and successful career in finance, treasury and controlling positions as well as in the steel industry. The banking professional and graduate economist started his career with Landesbank Schleswig-Holstein (Germany). After that step he was working for ten years in different management positions in the areas finance and controlling at IBM. Since 1996 he held several CFO positions within the ArcelorMittal Group, both operative in the mills and in the headquarter. Most recently he was active as CFO in South Africa. Focus areas of Mr Wellhausen were the steering of production and administration costs, the optimisation of current assets as well as in the integration of international structures. The Board of Directors is pleased to have won Mr Wellhausen for the Group, an experienced CFO and steel manager with extensive management experience.

Together with Clemens Iller, CEO of the Group, SCHMOLZ + BICKENBACH has a management duo at the top that can make use of nearly 40 years of experience in the steel business. Accompanied by their international management team the Company is well positioned to address the current and future challenges. Besides the on-going operative performance improvement, the management duo will further develop the approved strategy of the Group and resolve it decisively. The Board will continue to actively support the management team and looks forward to the cooperation..

About SCHMOLZ + BICKENBACH
Today, the SCHMOLZ + BICKENBACH Group is one of the world’s leading providers of customised solutions in the special long steel products business. A global name in tool steel and stainless long steel, the Group is one of the two largest companies in Europe for alloy and high-alloy special and engineering steel. With around 10 000 employees at its own production and distribution companies in 38 countries across five continents, the Company supports and supplies customers wherever they operate. Besides a comprehensive Production and Sales & Services portfolio, customers benefit from the Company’s technological expertise, consistent high quality worldwide and in-depth knowledge of local markets.
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