Aperam announces the appointment of new CFO

Aperam S.A. / Key word(s): Miscellaneous 
Aperam announces the appointment of new CFO 
 
07-Apr-2020 / 07:00 CET/CEST 
 
  Luxembourg April 7, 2020 (07:00 CET) - Aperam announces the appointment of 
 Sudhakar Sivaji as the Company's new Chief Financial Officer, following the 
                                               resignation of Sandeep Jalan. 
 
   Sudhakar Sivaji, 40, will become a member of Aperam's Leadership Team and 
     CFO of Aperam effective May 6, 2020. Sandeep Jalan is leaving Aperam to 
    pursue other career opportunities outside the steel and mining industry. 
 
  Sudhakar has close to 20 years of experience in finance and transformation 
     projects, and spent 12 years at thyssenkrupp's Steel and Service Center 
        businesses. During his time with thyssenkrupp, Sudhakar has held key 
 responsibilities structuring the development of the company's portfolio and 
         the financing of assets and M&A transactions, leading the NAFTA SSC 
    business, running international supply chains and logistic networks, and 
       setting up and running digitization projects in Europe, USA and Latin 
America. Most recently he was leading performance and restructuring programs 
                                      for the thyssenkrupp Group since 2019. 
 
Timoteo Di Maulo, Chief Executive Officer and Member of the Leadership Team, 
       said: "I'm very pleased to welcome Sudhakar as the new CFO of Aperam. 
Sudhakar has a strong expertise in finance and brings valuable experience in 
  the steel industry. I am convinced that he will continue and contribute to 
   make Aperam a stronger Company in these challenging times. In the name of 
the Leadership Team, I would also like to thank Sandeep who has for almost 7 
 years successfully contributed to our Leadership Journey(R)? turning Aperam 
     into a resilient, profitable and cash generative company, with a strong 
   balance sheet. He's now taking a new important challenge for which I wish 
                                                          him all the best." 
 
      Lakshmi N. Mittal, Chairman of Aperam's Board of Directors, commented: 
  "Together with my other members of the Board of Directors, I would like to 
  extend our gratitude and appreciation for Sandeep's achievements at Aperam 
       and also during his career at ArcelorMittal and Mittal Steel. We wish 
       Sandeep every success for the future and welcome Sudhakar to Aperam". 
 
About Aperam 
 
Aperam is a global player in stainless, electrical and specialty steel, with 
  customers in over 40 countries. The business is organised in three primary 
  operating segments: Stainless & Electrical Steel, Services & Solutions and 
                                                       Alloys & Specialties. 
 
    Aperam has a flat Stainless and Electrical steel capacity of 2.5 million 
         tonnes in Brazil and Europe and is a leader in high value specialty 
 products. In addition to its industrial network, spread over six production 
    facilities in Brazil, Belgium and France, Aperam has a highly integrated 
    distribution, processing and services network and a unique capability to 
   produce stainless and special steels from low cost biomass (charcoal made 
                                       from its own FSC-certified forestry). 
 
  In 2019, Aperam had sales of EUR 4,240 million and steel shipments of 1.79 
                                                             million tonnes. 
 
      For further information, please refer to our website at www.aperam.com 
 
Contacts 
 
Corporate Communications / Laurent Beauloye: [phone] 
 
Investor Relations / Thorsten Zimmermann: [phone] 
 
Dissemination of a Financial Wire News, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
1016987 07-Apr-2020 CET/CEST 
 
 

(END) Dow Jones Newswires

April 07, 2020 01:00 ET (05:00 GMT)