CELSA Group incorporates Borja García-Alarcón as new CFO

• The appointment of García-Alarcón is a new step in the process of strengthening the group for the future, following the appointments of Rafael Villaseca as Chairman and Jordi Cazorla as CEO.

• The former CFO of Indra will bring his experience and professionalism forged in a solid 25-year career managing finance departments of leading Spanish multinationals in the telecommunications, energy and technology sectors.

Barcelona, 1 February 2024 – The CELSA Group, Europe’s leading producer of low-emission circular steel, has appointed Borja García-Alarcón Altamirano as its new Group Chief Financial Officer (CFO). The incorporation of García-Alarcón, who has extensive experience in large Spanish companies, strengthens CELSA’s management team and represents a further step towards consolidating its leadership in the sector.

García-Alarcón holds a degree in Economics from the Complutense University of Madrid. He began his professional career in 1999 at Telefónica as a financial analyst and was subsequently appointed director of Financial Analysis and head of Affiliates. In 2010, he joined Atento as CFO and three years later, in 2013, he joined the Enagás Group, where he held the same position until 2022. At that time he was appointed Chief Financial Officer (CFO) of Indra, becoming also a member of the Management Committee.

“I am proud to join CELSA and to bring my experience in financial management to a historic company and a benchmark in its sector, alongside a top-level management team with the shared objective of laying the foundations for sustainable growth,” explains García-Alarcón. Jordi Cazorla, CEO of CELSA, said: “The appointment of Borja García-Alarcón as CFO is a key step in the company’s commitment to talent and the highest standards in corporate governance”.

García-Alarcón will form part of the CELSA Group’s management committee, and his appointment is a continuation of the recruitment process initiated in recent months, the priority of which is to provide CELSA with a team of recognised national and international prestige to lead the new stage of consolidation and development of the company.

ABOUT CELSA GROUP

CELSA Group is Europe’s first circular low-emission steel producer with the largest circular supply chain in Europe. It recycles ferrous scrap to produce steel in electric arc furnaces, using the most sustainable and energy-efficient technology.

The company is made up of 6 business groups and has 120 work centres, 7 steelworks,12 rolling mills and 48 recycling plants (circular hubs), in addition to processing and distribution companies, which generate direct, indirect and induced employment for more than 70,000 professionals in Europe. It is present in Spain, France, United Kingdom, Denmark, Finland, Norway, Poland, Sweden and Ireland.

The group is working to provide a solution to the planet’s greatest systemic risks: the depletion of resources and the fight against climate change. To this end, it has set itself the objectives of reducing its CO2 emissions by 50% by 2030 and achieving 98% circularity by 2030, and to complete its circularity and become a Net Positive company by 2050.

For more information:

Rosario Correro
Kreab
rcorrero@kreab.com
+34654588307

Iolanda Baqués,
Head of external communications, Celsa Group
iolanda.baques@gcelsa.com