Stegra has named Markus Holm chief financial officer (CFO), effective March 1, 2026. Holm brings more than 20 years of experience across the processing industry, green energy and start-ups. Holm will replace Otto Gernandt, who is stepping down after more than five years at Stegra. Gernandt will stay on as a senior adviser during the transition.
Holm brings finance and operating experience from multinational companies and start-ups spanning paper products, pharmaceuticals and green energy. He served as CFO and a board member at Elcogen Group. His prior roles include CFO and COO at Sanoma Corporation, as well as CFO at Metsä Board and Metsä Tissue Corporation.
Henrik Henriksson, CEO of Stegra said: “Markus’ experience is a great fit for an industrial impact scale up company like Stegra. Beyond his long and broad professional experience, he also has values that align with what we appreciate in our leadership and our teams. I am very glad to have Markus join Stegra and the management team.”
Gernandt joined Stegra in 2020 as a founding member of the management team. He led financing and supported Stegra’s commercial efforts related to the green steel market. He will continue as a senior adviser and focus on ongoing funding initiatives.
“Otto has been with Stegra from the beginning and has played a leading role in the realization of our vision. He informed us some time ago of his intention to move on, and we have worked together over a long period of time to plan for this transition. We appreciate that he will continue to provide support as we complete the ongoing financing, and we wish him well in his future endeavors”, says Henriksson.
Source: Stegra
About Stegra
Stegra is a Sweden-based industrial company developing large-scale production of green hydrogen, green iron, and green steel for heavy industry. Founded in 2020 as H2 Green Steel, the company rebranded as Stegra in 2024 to reflect its focus on decarbonizing hard-to-abate sectors, starting with steel. Stegra is building its first integrated production facility in Boden, in Sweden’s Norrbotten region. The site is designed to combine hydrogen generation, iron production, and steel manufacturing in a single operation. The company aims to replace coal-based steelmaking with processes powered by renewable electricity and green hydrogen. Stegra plans to supply steel to industrial customers across sectors such as automotive supply chains, construction, and equipment manufacturing. Its headquarters are in Stockholm, Sweden.