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 Di Maulo, who steps down as CEO on December 31, will be submitted for shareholder approval at the next General Meeting of Shareholders. This transition occurs as Aperam maintains its position as a global player in stainless, electrical and specialty steel and recycling, with customers in over 40 countries and sales reaching EUR 6,255 million in 2024.
Mr. Lakshmi N. Mittal, Chairman of the Board, stated that Di Maulo's deep industrial knowledge from leading Aperam for more than a decade will be a valuable asset to the board. The company's business is organized in four primary reportable segments: Stainless & Electrical Steel, Services & Solutions, Alloys & Specialties and Recycling & Renewables. 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.
The board changes come as Aperam continues to emphasize its commitment to the circular economy through its integrated operations. With sixteen production facilities across Brazil, Belgium, France, the United States, India and China, plus a highly integrated distribution, processing and services network, the company has unique capability to produce low carbon footprint stainless and special steels from biomass, stainless steel scrap and high performance alloys scrap. Through Bioenergia and its FSC®-certified forestry operations, along with ELG as 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 model.
For business and technology leaders, these governance changes signal strategic continuity at a critical time for industrial companies navigating sustainability transitions. The retention of Di Maulo's expertise suggests Aperam values institutional knowledge as it pursues its goal of being the leading value creator in the circular economy of infinite, world-changing materials. The company's 2024 shipments of 2.29 million tonnes demonstrate its significant scale in the global steel market, while its focus on recycling and renewables positions it to capitalize on growing demand for sustainable materials solutions. Further information about the company's operations and strategy is available at https://www.aperam.com.
