Senior management changes at British Steel

By Scunthorpe Telegraph | Posted: 16 Jan 2019

British Steel has appointed a new deputy chief executive following the retirement of Paul Martin late last year.

Gerald Reichmann, the Scunthorpe-headquartered company’s chief financial officer, takes on the role.

Executive chairman Roland Junck said: “Paul was a fundamental member of the management team during the sale and separation from Tata Steel to Greybull Capital, as well as being vital in our transformation programme, launch and subsequent development of the British Steel business.

“I’d like to thank Paul personally for the significant contribution he’s made to this business over many years. He has our best wishes for the future.” 

A passionate advocate of the business publicly, Mr Martin has played a significant role in raising the profile of British Steel’s bid to become a logistics hub for Heathrow Airport, an opportunity that could have a huge impact on the regional economy and set up the area for years to come. He was a key figure at the launch of the North Lincolnshire Industrial Strategy in October.

Read more: British Steel invests £1.4m in new distribution fleet

Having completed a Masters at University of Hull after studying Technology and Management in Bradford, he had joined Corus, as it was, in 2001, specialising in human resources, moving from Chester to Holland, then returning to the UK under Tata in 2010. He became HR director for Tata Steel Europe in 2012, then was made HR and business services director of the new entity in June 2016, becoming managing director six months later, and deputy chief executive in October 2017.

Mr Martin said: “British Steel has an extremely strong executive team and under the leadership of Roland and Gerald I’ve no doubts they’ll achieve great success.”

Mr Reichmann, who joined in November 2017 from Austrian firm Voestelpine Wire Technology, will continue to act as chief financial officer in the enhanced role. He 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. 

“I’m delighted to have been appointed to this role and look forward to leading the ongoing transformation of British Steel,” he said.

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