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Sud Sivaji Takes the Helm as CEO of Aperam

Luxembourg-based steel group Aperam has announced the commencement of Sud Sivaji's role as CEO, effective January 1, 2026. This appointment completes the leadership transition that began in September 2025, following Tim di Maulo's retirement at the end of 2025.


Sud Sivaji Takes the Helm as CEO of Aperam

Extensive Industry Experience

Sud Sivaji, who previously served as Aperam's Chief Financial Officer, brings 25 years of experience in engineering, supply chain, and finance, according to the press release. His professional background spans the steel, stainless steel, and aerospace sectors. The company emphasizes that his industrial experience is a valuable asset for leading the next development phase of the group. Aperam employs about 13,000 people worldwide and has a stainless and electrical steel production capacity of 2.5 million tons, distributed between Brazil and Europe.

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According to the new CEO, Aperam's ambition is to establish itself as a benchmark value creator in the circular economy of materials. The group positions itself beyond mere steel production by creating value across the entire supply chains, from stainless steel to electrical steels and aerospace alloys, as well as specialized activities, recycling, charcoal production, and forestry. Sud Sivaji emphasizes that success relies on material knowledge, innovation capabilities, and the determination of the group's teams. He believes that vertical integration of the value chain is a differentiating factor.

Strengthened Executive Team

The expanded executive team surrounding Sud Sivaji has been in place since October 1, 2025, the company specifies. With this governance structure now fully operational, Aperam indicates it is positioned to execute its long-term strategy and stimulate innovation in the materials sector. The group, listed on the Luxembourg Stock Exchange and on Euronext Amsterdam, Paris, and Brussels, organizes its activities around four main segments: stainless and electrical steels, services and solutions, alloys and specialties, and recycling and renewable energies. The company notably owns BioEnergia, specialized in the production of charcoal from FSC-certified forests, and Aperam Recycling | ELG, a player in the recycling of stainless steel and high-performance alloys.



Sector Métaux et matières premières Fer et acier


Assurance vie

Context

Period
  • Period: 3T 2025
Guidance from the release
  • Je suis heureux d'annoncer que nous avons généré un flux de trésorerie disponible solide de 138 millions d'euros, ce qui nous a permis de réduire considérablement notre dette nette à 1 045 millions d'euros.
  • Ralentissement saisonnier et pression sur les prix en Europe entraînant une baisse des volumes et de l'EBITDA; génération de trésorerie solide et réduction de la dette nette; progrès sur les initiatives Leadership Journey®.
Risks mentioned
  • Pression continue sur les prix des métaux et des produits
  • Ralentissement saisonnier affectant les volumes
  • Surcapacité mondiale du secteur de l'acier
  • Dépendance à l'évolution des prix des métaux (perspectives conditionnelles)
Opportunities identified
  • Initiative Leadership Journey® Phase 5 visant 200 millions d'euros de gains (29 millions d'euros réalisés au T3, cumul 165 millions d'euros)
  • Réduction prévue de la dette financière nette de plus de 200 millions d'euros d'ici fin 2025
  • Proposition de la Commission européenne visant à atténuer les effets négatifs de la surcapacité mondiale pour le secteur de l'acier en Europe

The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.

Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.

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