By Billy Gray

Aperam said it appointed Chief Financial Officer Sudhakar Sivaji as its next chief executive officer, succeeding Timoteo Di Maulo, who plans to retire after a decade at the helm.

Sivaji has held the CFO role at the Luxembourg-based steel producer since 2020 and previously worked in Thyssenkrupp's steel and material services division, Aperam said Friday. He counts almost 25 years of experience in the steel, alloys and aerospace sectors, it said.

His appointment is effective January, Aperam said.

Di Maulo will retire after ten years as CEO during which he oversaw strong growth and diversification, Aperam said. He will remain closely involved with the business as a member of its board of directors.

The group also said it appointed Nicolas Changeur as its new chief financial officer. He is currently CEO for service and solutions and chief marketing officer.

Write to Billy Gray at william.gray@wsj.com

(END) Dow Jones Newswires

September 12, 2025 03:06 ET (07:06 GMT)

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