Wallenberg-led consortium reshapes Stegra board after €1.4B funding

Leif Johansson takes the helm as board chair, succeeding Shaun Kingsbury, who remains on the board to oversee the transition. The new governance structure for Stegra Holding AB reflects the influence of the fresh capital, with appointees from Wallenberg Investments, Altor, Just Climate, and Hy24 filling the director seats. Håkan Buskhe, Astrid Skarheim Onsum, and Erika Söderberg Johnsson join as representatives of the lead consortium, while Paal Weberg and Karin Rådström serve for Altor.

Henrik Henriksson retains his position as CEO, maintaining continuity in leadership as the firm pivots toward operating its hydrogen, iron, and steel plants. The entity previously known as Stegra AB has been rebranded to Green Nexus Investment Holding AB, shifting into a minority shareholder role. The Stegra name will migrate to the primary operational subsidiary by the end of June as the company integrates its new financial backing.