Eramet's board has ended the tenure of its CEO, Paulo Castellari, nine months after his appointment, due to divergences over operating methods. Christel Bories, the group's president, will serve as interim CEO until a successor is named. The decision does not impact the mining company's strategy.
On February 1, 2026, at 10:15 PM, Eramet's board announced the immediate end of Paulo Castellari's tenure as CEO. Appointed nine months earlier, the Italo-Brazilian was removed due to «divergences with him over operating methods», per a statement. Christel Bories, the group's president since last May, will handle CEO duties on an interim basis. She stressed that «the separation of chairman and CEO roles, voted in the general assembly last May, is not in question».
Bories offered few details on the reasons, stating it was not an «ethical» issue but disagreements between the CEO and the board. The chemistry had clearly soured between Castellari and the directors. This abrupt move does not change Eramet's strategy, and it is unrelated to upcoming financial results due on February 18 or the stock price. Under Castellari, shares rose from 50 to nearly 80 euros by late 2025, before declining following critical analyst notes.
In an uncertain and deteriorating metals market, Bories highlighted priorities: «cost control and safety». The fundamentals are strong, featuring «world-class assets» and ramping up lithium production in Argentina.
