Aperam Announces Board Changes as Former CEO Joins Directors

Aperam announced changes to its Board of Directors effective January 1, 2026, with former CEO Timoteo Di Maulo being co-opted as a Director and Sandeep Jalan resigning from the Board for personal reasons. The appointment of Mr. Di Maulo, who will step down as CEO on December 31, 2025, will be submitted for shareholder approval at the next General Meeting of Shareholders. These leadership transitions matter because they occur at a critical time for the global steel industry, where Aperam positions itself as a leader in sustainable production and the circular economy.

Mr. Lakshmi N. Mittal, Chairman of the Board, stated that Mr. Di Maulo's deep industrial knowledge, gained from leading Aperam for more than a decade, will be a valuable asset to the Board. He also thanked Mr. Jalan for his dedicated service, both as a Board member and previously as Chief Financial Officer. This reshuffle ensures that extensive company-specific expertise remains at the highest governance level as Aperam navigates market demands for low-carbon materials.

The importance of this news extends to investors and the broader materials sector, as board stability and expertise directly influence strategic direction. Aperam, a global player in stainless, electrical, and specialty steel and recycling, operates in a complex environment where sustainability is increasingly tied to financial performance. With customers in over 40 countries and sales of EUR 6,255 million in 2024, the company's leadership decisions have significant implications for its competitive stance. Its business is organized into four primary segments: Stainless & Electrical Steel, Services & Solutions, Alloys & Specialties, and Recycling & Renewables.

Aperam's operational scale underscores the impact of these board changes. The company has a flat Stainless and Electrical steel capacity of 2.5 million tonnes in Brazil and Europe and is a leader in Alloys & high-value specialty products with a presence in France, China, India, and the United States. Its industrial network spans sixteen production facilities across Brazil, Belgium, France, the United States, India, and China. Furthermore, Aperam's commitment to the circular economy is central to its strategy, featuring a unique capability to produce low carbon footprint stainless and special steels from biomass and scrap.

Through subsidiaries like Bioenergia, which produces charcoal from its own FSC®-certified forestry, and ELG, a global leader in recycling stainless steel scrap and high-performance alloys, Aperam integrates sustainability deeply into its operations. This board transition supports the continuity of these initiatives, which are vital for meeting global environmental standards and customer expectations. For more detailed company information, visit https://www.aperam.com. The original announcement was published on https://www.newmediawire.com.

For the industry, maintaining experienced leadership like Mr. Di Maulo's is crucial for steering large-scale, capital-intensive operations toward sustainable profitability. The changes reflect a managed succession that prioritizes institutional knowledge, potentially reassuring stakeholders about governance stability during a period of global economic and environmental pressures on the steel sector.