Aperam announced changes to its Board of Directors effective January 1, 2026, with current CEO Timoteo Di Maulo being co-opted as a Director following his departure from the CEO role on December 31, 2025. His appointment will be submitted for shareholder approval at the next General Meeting of Shareholders. This transition coincides with the resignation of Sandeep Jalan from the Board on December 31, 2025, for personal reasons. Board Chairman Lakshmi N. Mittal stated that Di Maulo's deep industrial knowledge, gained from leading Aperam for over a decade, will be a valuable asset to the Board, while also thanking Jalan for his dedicated service as both a Board member and former Chief Financial Officer.
The importance of these changes lies in maintaining leadership continuity during a period when Aperam is positioning itself as a leader in the circular economy of materials. As a global player in stainless, electrical, and specialty steel and recycling with customers in over 40 countries, Aperam's governance structure directly impacts its strategic direction in sustainable steel production. The company's commitment to the circular economy is evident through its integrated approach, including Bioenergia's production of charcoal from FSC®-certified forestry and ELG's global leadership in stainless steel scrap recycling. These initiatives are detailed further on the company's website at https://www.aperam.com.
With a flat Stainless and Electrical steel capacity of 2.5 million tonnes in Brazil and Europe, and leadership in Alloys & high-value specialty products across France, China, India, and the United States, Aperam's board decisions have significant implications for its industrial and sustainability goals. The company's unique capability to produce low carbon footprint stainless and special steels from biomass and scrap materials underscores why governance continuity matters. In 2024, Aperam reported sales of EUR 6,255 million and shipments of 2.29 million tonnes, highlighting the scale at which these board changes could influence operational and environmental outcomes. The original announcement can be found at https://www.newmediawire.com, providing additional context for these developments.
The transition of Di Maulo from CEO to Director ensures that his extensive experience remains within the company's leadership, potentially stabilizing strategic initiatives during executive changes. Meanwhile, Jalan's departure for personal reasons necessitates adjustments in board oversight, particularly in financial governance given his CFO background. For stakeholders, these moves reflect Aperam's adaptive governance model as it navigates the complexities of global steel markets and sustainability commitments. The company's focus on four primary segments—Stainless & Electrical Steel, Services & Solutions, Alloys & Specialties, and Recycling & Renewables—means that board expertise in these areas is crucial for driving innovation and value creation in the circular economy.
