New chief executive appointed at British Steel
Gerald Reichmann, new chief executive of British Steel.
By Scunthorpe Telegraph | Posted: 8 Apr 2019
Gerald Reichmann has been appointed as the new chief executive of British Steel.
He joined the Scunthorpe-headquartered company in 2017 and previously served as its chief financial officer, adding the deputy chief executive role when Paul Martin retired.
British Steel chairman Roland Junck said: “Gerald has played a leading role in the ongoing transformation of our business and his appointment will help us build a strong and sustainable future.”
The position was vacated by Peter Bernscher after just seven months at the helm in December 2017, with Mr Junck resuming the role of executive chairman that he had taken under the new regime after the buy-out from Tata Steel.
"Differences in perspective and direction," were cited as the reasons behind his brief tenure.
The second appointment to the role in the new era comes after major wins in rail with national operators across Europe, and as the sprawling North Lincolnshire site is shortlisted as a potential logistics hub for the Heathrow Airport expansion construction work.
Mr Reichmann, who arrived from Austrian firm Voestelpine Wire Technology, holds MBAs from Vienna University of Economics and Business, London Business School and New York's Columbia Business School, and has worked in the metal and steel industry throughout his career. He said: “I’m delighted to have been appointed to this role and look forward to working with our employees, customers and suppliers to grow British Steel.”