The Board of Directors of Eramet has terminated Paulo Castellari's tenure as CEO effective February 1, 2026. Christel Bories, the Chairwoman of the group, will serve as the interim CEO.
On February 1, 2026, the Board of Directors of Eramet convened and decided to terminate Paulo Castellari's tenure as CEO. The announcement stated that the decision was due to 'differences in management approaches' with him. His tenure ended at the end of the day on February 1, 2026. Christel Bories, the Chairwoman of Eramet, has been appointed as the interim CEO while the company conducts the process of selecting a new CEO.
Future Separation of Roles
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Upon the appointment of a new CEO, the roles of Chairman and CEO will be separated once again.
SectorMétaux et matières premières›Métaux non ferreux
Context
Period
Period: 3T 2025
Guidance from the release
Malgré un contexte de marché difficile, Eramet a maintenu un niveau d’activité solide, grâce à l’engagement et à l’agilité de ses équipes.
Conjoncture macroéconomique incertaine pesant sur la demande et les prix; marchés du manganèse, nickel et lithium globalement en excédent au T3 2025 avec pression sur les prix; perturbations logistiques au Gabon et incertitudes réglementaires en Indonésie.
Risks mentioned
Difficultés logistiques sur le réseau ferroviaire gabonais (Transgabonais) affectant le transport du minerai
Pression des prix et faible demande macroéconomique
Risque de non-respect du covenant de gearing au 31/12/2025 (waiver demandé)
Enquête des autorités indonésiennes sur une partie de la concession PT WBN
Opportunities identified
Montée en cadence robuste de la production de carbonate de lithium (usine Centenario) — volumes 2 080 t-LCE au T3 2025, objectif 4 - 7 kt-LCE en 2025
Rebond des volumes et chiffre d’affaires de PT WBN (forte progression des ventes externes de minerai de nickel)
Programme d’amélioration de la performance opérationnelle et financière (cash boost, optimisation capex, réduction coûts)
Ajustement du plan de capex pour préserver trésorerie (capex 2025 entre 400 M€ et 425 M€)
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