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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.

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Sector Métaux Industriels et Exploitation Minière Fer et acier


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Contexte

Period
  • Period: 1T2026
Key reported figures
  • Revenue: 1575M€
  • EBITDA: 90M€
  • EBITDA margin: 5,7%
  • Net income: 3M€
  • Free cash flow: EUR(44)M€
  • 1057M€
Guidance from the release
  • Aperam a livré le meilleur début d'année en trois ans.
  • Malgré les défis géopolitiques, chaque segment contribue à notre croissance.
Risks mentioned
  • Défis géopolitiques en 2026.
  • Volatilité énergétique en 2026.
Opportunities identified
  • Le cadre réglementaire offre une sécurité pour capter le potentiel européen.
  • Gains de 18 M€ déjà atteints dans la phase 6 du Leadership Journey.

Les informations présentées dans cet article sont fournies à titre purement indicatif et ne constituent en aucun cas une recommandation d'investissement, une incitation à acheter ou vendre un actif financier, ni un conseil en placement. Le lecteur est invité à réaliser ses propres recherches avant toute décision.

Les investissements en bourse comportent des risques, notamment de perte en capital. La performance passée d'un actif ou d'un marché ne présage en rien de ses performances futures. Toute décision d'investissement doit être prise en tenant compte de votre situation financière personnelle, de vos objectifs et de votre tolérance au risque.

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