* Algoma Steel Group (ASTL:CA [https://seekingalpha.com/symbol/ASTL:CA]) on Wednesday said Michael Garcia, the company’s Chief Executive Officer, will retire at the end of this calendar year.
* In late 2024, Garcia informed the Board of Directors that he was considering retirement, at which time the Board initiated a comprehensive succession planning process to ensure a smooth transition of leadership.
* Rajat Marwah, currently the company’s CFO, has been appointed President and CFO effective November 1, 2025 and will be appointed to the role of CEO on January 1, 2026.
* Also effective January 1, 2026, Michael Moraca, currently Vice President, Corporate Development and Treasurer, who currently leads Algoma’s Integrated Business Planning function, will be appointed CFO.
* Source: Press Release [https://seekingalpha.com/pr/20285382-algoma-steel-group-inc-announces-leadership-transition]
MORE ON ALGOMA STEEL GROUP
* Algoma Steel Faces Weak Demand Challenges, Cautious Approach Required [https://seekingalpha.com/article/4814805-algoma-steel-faces-weak-demand-challenges-cautious-approach-required]
* EU proposes tougher steel tariffs in bid to protect industry [https://seekingalpha.com/news/4502462-eu-proposes-tougher-steel-tariffs-in-bid-to-protect-industry]
* Algoma Steel slides to new all-time low after warning of up to C$90M quarterly loss [https://seekingalpha.com/news/4501434-algoma-steel-slides-to-new-all-time-low-after-warning-of-up-to-c90m-quarterly-loss]
* Seeking Alpha’s Quant Rating on Algoma Steel Group [https://seekingalpha.com/symbol/ASTL/ratings/quant-ratings]
* Historical earnings data for Algoma Steel Group [https://seekingalpha.com/symbol/ASTL/earnings]
Algoma Steel Group CEO Michael Garcia to retire
Published 1 week ago
Oct 29, 2025 at 9:05 PM
Negative
Auto