Brazil steelmaker CSN says Steinbruch leaving CEO role after 24 years
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FILE PHOTO: Train tracks are seen near Brazil's Companhia Siderurgica Nacional (CSN, National Steel Company), in Volta Redonda, Rio de Janeiro state, Brazil March 25, 2025. REUTERS/Lucas Landau/File Photo
SAO PAULO, Sept 2 (Reuters) - Brazilian steelmaker CSN said on Wednesday that Benjamin Steinbruch, a member of the family who controls the company, is leaving the position of chief executive officer he has held since 2002.
He will be replaced by Fabio Schvartsman, a former CEO of mining firm Vale, as of September 3, the steelmaker said in a securities filing. Steinbruch was approved as chairman of the board of directors, it added.
The leadership change comes as CSN, which besides steel, has operations in sectors such as cement, infrastructure and mining, is working to reduce its debt, including by selling its cement unit.
(Reporting by Andre Romani; Editing by Chris Reese and Natalia Siniawski)
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