Philippe Darmayan, the CEO of Aperam since December 2011, indicated his intention to retire effective 31 December 2014. The Board of Directors has accepted Philippe Darmayan’s request and announced the appointment of Timoteo Di Maulo, currently member of Aperam’s Management Committee, as the CEO from 1 January 2015. Until that time, Philippe Darmayan and Timoteo Di Maulo will work closely to ensure a smooth transition. Philippe Darmayan will retain links with the company as advisor, and would be proposed to become a member of Aperam’s Board of Directors at the company’s next General Shareholders’ Meeting.
