Change at top as British Steel to invest £100m on ambitious plans
CEO Ron Deelen is stepping aside, to be replaced by British Steel president Xijun Cao
13:49, 17 MAR 2021
Updated
Huiming Li, chief executive of Jingye Group, at British Steel s Scunthorpe works where big investment is planned
British Steel has revealed plans to invest £100 million in a significant boost to finance new projects.
The company, which has returned to profit after being brought out of liquidation by Jingye Group a year ago, will focus the investment on improving its manufacturing operations and supporting clean growth.
Current chief executive Ron Deelen is also stepping down, with president Xijun Cao replacing him.