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Last updated : 15/09/2026 - 17h35
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Vallourec Appoints David Clarke as Board Member

The Board of Directors of Vallourec has decided to co-opt David Clarke as a member of the Board of Directors, at the request of ArcelorMittal, replacing Keith James Howell. This appointment will be submitted for shareholder ratification on May 21, 2026.


Vallourec Appoints David Clarke as Board Member

Board Meeting Decision

Convened on February 26, 2026, the Board of Directors of Vallourec proceeded to co-opt David Clarke as a member of the Board of Directors, replacing Keith James Howell. David Clarke was also appointed as a member of the Nomination and Governance Committee. This appointment comes at the request of ArcelorMittal.

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David Clarke's appointment will be submitted for ratification by the shareholders at the next general meeting of the Group, scheduled for May 21, 2026. Since 2013, David Clarke has served as the Director of Strategy at ArcelorMittal, responsible for defining medium and long-term industry outlooks and coordinating the Group's annual strategic process.



Sector Métaux et mines Acier / sidérurgie


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Context

Period
  • Period: S1 2026
Key reported figures
  • Revenue: 1 860 millions de dollars
  • Quarterly revenue: 1 860 millions de dollars
  • Revenue growth: -8 %
  • EBITDA: 409,4 millions de dollars
  • EBITDA margin: 22 %
  • Net income: 131,5 millions de dollars
  • Free cash flow: 303 millions de dollars
  • -183,1 millions de dollars
Risks mentioned
  • Baisse de 15 % des volumes vendus de Tubes au premier semestre 2026
  • RBE Mines & Forêts en recul à 71 M$ contre 107 M$, effets de change défavorables du réal
  • Fermeture du détroit d'Ormuz affectant les délais de livraison à l'international
Opportunities identified
  • RBE du segment Tubes en hausse à 372 M$ grâce aux prix et au mix produit
  • Position de liquidité très solide de 2,0 milliards de dollars au 30 juin 2026
  • Produit d'environ 307 M€ encaissé le 8 juillet 2026 après exercice des bons de souscription
Outlook / guidance
  • Expected EBITDA: 190 millions de dollars

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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