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METLEN Embarks on Its Third Strategic Transformation

On November 12, 2025, METLEN announced a significant shift in its corporate strategy, marking the beginning of The Third Era — Progress in Motion. This transformation reflects METLEN's commitment to doubling its size, aligning with the medium-term goals presented earlier this year during the capital markets day in London.

With this new era, METLEN builds upon the successful outcomes of previous transformations undertaken in 2017 and 2022, taking advantage of its solid financial foundations and strategic vision. This latest evolution is integral to ensuring that the organization not only survives but thrives as it adapts to new market demands.

Key Leadership Changes

Central to this transformation are major shifts within the executive team and organizational structure. Notably, Evangelos Mytilineos has been appointed as Executive Chairman of the Group, while Christos Gavalas steps in as the Group's Chief Executive Officer (CEO). The financial helm will be held by Fotini Ioannou as Chief Financial Officer (CFO), and Loukas Ziomas will serve as Chief of Staff.

Additionally, METLEN has restructured its energy division into two main pillars:
1. Renewable Energy and Energy Transition - under the leadership of Nikos Papapetrou.
2. Integrated Utility Services - overseen by Giannis Giannakopoulos, while Panagiotis Kanellopoulos heads the International Energy Supply Trading.

In the metals sector, Dimitris Stefanidis continues to lead operations as General Director, focusing on METLEN's integrated aluminum value chain and circular metals initiative. METLEN’s specialized defense equipment branch, numbered as M Technologies, will be led by Vassilis Tsiamis.

The Infrastructure and Concessions sector remains a strategic priority, directed by Evangelos Chrysafis and supported by key figures such as Dinos Benroubi and Elenos Karaindros.

As the company progresses, the leadership team is further strengthened with the addition of Dimitris Papadopoulos, who will play a key advisory role to the Executive Chairman and the Board.

Commitment to Future Growth

In his new role, Evangelos Mytilineos discussed plans for the future, stating, "Today marks the beginning of a new chapter, characterized by our commitment to The Third Era. My focus will be on implementing our strategic objectives that prioritize both organic and inorganic growth, in collaboration with our new CEO, Christos Gavalas."

This revamped structure is expected to foster long-term value creation at METLEN, leveraging best practices in corporate governance and optimized operational synergies.

METLEN’s Scope and Impact

Founded as a leading industrial and energy company focused on sustainability and the circular economy, METLEN operates globally, being primarily listed on the London Stock Exchange with a secondary listing on the Athens Exchange. In 2024, the company reported consolidated revenues of €5.68 billion and an EBITDA of €1.08 billion.

Recognized for its competitive position in green metallurgy, METLEN operates the only vertically integrated bauxite, alumina, and primary aluminum production facility within the European Union. In the energy sector, METLEN offers comprehensive solutions encompassing thermal and renewable energy projects, electricity distribution, trading, and investments in green technologies and infrastructure.

With operations spanning over 40 countries across five continents, METLEN exemplifies synergy between its metal and energy sectors, continually developing major energy infrastructure projects to meet global market needs.

For further information, please visit METLEN's official website.