Nicholas Källsäter new Chief Financial Officer of Ovako

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Nicholas Källsäter has been appointed as the new Chief Financial Officer (CFO) of Ovako and will be part of the executive management team. Nicholas, who currently is Head of Group Business Control, has worked at Ovako since 2012. He takes up the new position on June 1, 2019 and succeeds Johan Ryrberg, who has decided to take on new opportunities outside Ovako.

Nicholas has over 20 years of experience in finance and financial management from several different industries. In his new role, he will be responsible for the group’s finance, IT and purchasing functions.

We look forward to welcoming Nicholas to Ovako’s executive management team. During his seven years at Ovako, he has gained deep understanding of the business and has the expertise and the qualities required to drive the company’s financial development and strengthen our long-term competitiveness,” says Marcus Hedblom, President and CEO of Ovako.

I would also like to thank Johan Ryrberg for his contributions to Ovako. With his commitment and his solid financial experience, he has been an important asset during the journey that has led to Ovako today having a strong industrial owner,” says Marcus Hedblom.

Johan will stay at Ovako during a transition period until mid-July.

Kristin Nilsson
Head of Group Communications
+46 (0) 8 622 13 17

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About Ovako

Ovako develops high-tech steel solutions for, and in cooperation with, its customers in the bearing, transport and manufacturing industries. Our steel makes our customers’ end products more resilient and extends their useful life, ultimately resulting in smarter, more energy-efficient and more environmentally-friendly products.

Our production is based on recycled scrap and includes steel in the form of bar, tube, ring and pre-components. Ovako has around 3,000 employees in more than 30 countries and sales of approximately EUR 1000 million. Since June 2018, Ovako is a subsidiary within the Japanese Nippon Steel Corporation group, the third-largest steel producer in the world with 93,500 employees globally and a revenue of EUR 43 billion. For more information, please visit us at and