Aperam Announces Board of Directors Changes Effective January 2026

Aperam announced changes to its Board of Directors effective January 1, 2026. The Board has decided to co-opt Mr. Timoteo Di Maulo, who will step down as CEO on December 31, as a Director. His appointment will be submitted for shareholder approval at the next General Meeting of Shareholders. This coincides with the resignation of Mr. Sandeep Jalan, who will step down from the Board on December 31, 2025 for personal reasons.

Mr. Lakshmi N. Mittal, Chairman of the Board, commented on the significance of these changes. "I am delighted to welcome Tim to the Board. Having successfully led Aperam for more than a decade, his deep industrial knowledge will be a valuable asset," Mittal stated. He added, "I must also thank Sandeep for his dedicated service to the company, latterly as a Board member and previously as Chief Financial Officer."

These leadership transitions matter because they occur within a company that plays a critical role in global materials production. Aperam is a global player in stainless, electrical and specialty steel and recycling, with customers in over 40 countries. The company operates with four primary reportable segments: Stainless & Electrical Steel, Services & Solutions, Alloys & Specialties and Recycling & Renewables. Aperam is fully committed to be the leading value creator in the circular economy of infinite, world-changing materials.

The implications of maintaining Di Maulo's expertise on the board while he transitions from CEO are substantial. Aperam 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 presence in France, China, India and the United States. In addition to its industrial network, spread over sixteen production facilities in Brazil, Belgium, France, the United States, India & China, Aperam has a highly integrated distribution, processing and services network and a unique capability to produce low carbon footprint stainless and special steels from biomass, stainless steel scrap and high performance alloys scrap.

With Bioenergia and its unique capability to produce charcoal made from its own FSC®-certified forestry and with ELG, a global leader in collecting, trading, processing and recycling of stainless steel scrap and high performance alloys, Aperam places sustainability at the heart of its business, helping customers worldwide to excel in the circular economy. In 2024, Aperam had sales of EUR 6,255 million and shipments of 2.29 million tonnes, demonstrating the scale at which these governance decisions impact operations.

The board changes signal continuity of institutional knowledge during leadership transitions, which is crucial for maintaining strategic direction in competitive global markets. For further information about the company's operations and sustainability initiatives, please refer to their website at https://www.aperam.com. The original announcement detailing these governance changes can be viewed at https://www.newmediawire.com.