METLEN Begins Its Third Strategic Transformation to Drive Progress in the Energy Sector
On November 12, 2025, METLEN announced a significant milestone in its evolution with the initiation of its third strategic transformation, aptly named "The Third Era - Progress in Motion." This new phase aims to build upon the company's previously successful transformations in 2017 and 2022, integrating robust financial practices and an ambitious vision for future growth.
This strategic restructuring aims to support METLEN's medium-term goal of doubling its size, as outlined during the Capital Markets Day held in London last April. With this move, METLEN seeks not only to expand its operational footprint but also to enhance its leadership structure and organizational efficiency.
Key changes include the appointment of Evangelos Mytilineos as Group Executive Chairman, along with Christos Gavalas, who steps in as the new Group CEO, and Fotini Ioannou taking on the role of Chief Financial Officer. Additionally, Loukas Ziomas has been appointed Chief of Staff. These leadership changes signify a strategic alignment with METLEN’s renewed focus on both organic and inorganic growth, as expressed by Mytilineos and Gavalas.
The energy sector will be streamlined into two primary pillars. The first pillar focuses on renewable energy and the energy transition, governed by CEO Nikos Papapetrou. Meanwhile, the second pillar emphasizes an integrated energy supply, led by CEO Giannis Giannakopoulos, which encompasses international energy supply and trading under CEO Panagiotis Kanellopoulos. This restructuring is designed to enhance METLEN's capabilities in providing comprehensive energy solutions.
Dimitris Stefanidis continues to lead the metals division, overseeing operations across the integrated aluminum value chain, critical resources, and circular metals. In addition, Vassilis Tsiamis will continue to direct M Technologies, METLEN's sector that specializes in metallurgical armaments. Furthermore, the infrastructure and concessions sector remains a priority, under the leadership of Evangelos Chrysafis and his team, which includes Dinos Benroubi and Elenos Karaindros.
This revamped leadership team encapsulates the commitment to strengthening METLEN's structural framework and corporate governance practices. Key members include Sara Fideli as Chief People Officer, Vivian Bouzali in charge of corporate affairs and communication, and Petros Selekos as the head of the legal department. The executive team is further complemented by Dimitris Papadopoulos, serving as Executive Senior Advisor on Executive Chairman and Board Affairs.
As Mytilineos stated, "Today we turn a new chapter in our journey with the third transformation of our development. I aim to work alongside our new Group CEO, Christos Gavalas, to strategically guide the execution of our commitments as defined in our mid-term business plan." This change is set to take effect on January 1, 2026, and highlights METLEN's persistent dedication to long-term value creation through a fortified leadership structure designed to stimulate success.
Established as a key player in the metallurgy and energy sectors, METLEN Energy and Metals PLC is committed to sustainability and circular economy practices, operating primarily on the London Stock Exchange and additionally on the Athens Stock Exchange. Its consolidated revenues and EBITDA stood at €5.68 billion and €1.08 billion, respectively, in 2024. METLEN's innovative business model not only positions the company as a reference for competitive green metallurgy on both European and global stages, but it also provides comprehensive energy solutions, engaging in thermal and renewable projects, electricity distribution, trading, and investments in grid infrastructure and other green technologies across over 40 countries on five continents. This transformative approach implies a holistic synergy model between metallurgy and energy sectors, driving the development of major infrastructure projects from conception to execution.
For more information about METLEN and its initiatives, please visit www.metlengroup.com.
This strategic restructuring aims to support METLEN's medium-term goal of doubling its size, as outlined during the Capital Markets Day held in London last April. With this move, METLEN seeks not only to expand its operational footprint but also to enhance its leadership structure and organizational efficiency.
Key changes include the appointment of Evangelos Mytilineos as Group Executive Chairman, along with Christos Gavalas, who steps in as the new Group CEO, and Fotini Ioannou taking on the role of Chief Financial Officer. Additionally, Loukas Ziomas has been appointed Chief of Staff. These leadership changes signify a strategic alignment with METLEN’s renewed focus on both organic and inorganic growth, as expressed by Mytilineos and Gavalas.
The energy sector will be streamlined into two primary pillars. The first pillar focuses on renewable energy and the energy transition, governed by CEO Nikos Papapetrou. Meanwhile, the second pillar emphasizes an integrated energy supply, led by CEO Giannis Giannakopoulos, which encompasses international energy supply and trading under CEO Panagiotis Kanellopoulos. This restructuring is designed to enhance METLEN's capabilities in providing comprehensive energy solutions.
Dimitris Stefanidis continues to lead the metals division, overseeing operations across the integrated aluminum value chain, critical resources, and circular metals. In addition, Vassilis Tsiamis will continue to direct M Technologies, METLEN's sector that specializes in metallurgical armaments. Furthermore, the infrastructure and concessions sector remains a priority, under the leadership of Evangelos Chrysafis and his team, which includes Dinos Benroubi and Elenos Karaindros.
This revamped leadership team encapsulates the commitment to strengthening METLEN's structural framework and corporate governance practices. Key members include Sara Fideli as Chief People Officer, Vivian Bouzali in charge of corporate affairs and communication, and Petros Selekos as the head of the legal department. The executive team is further complemented by Dimitris Papadopoulos, serving as Executive Senior Advisor on Executive Chairman and Board Affairs.
As Mytilineos stated, "Today we turn a new chapter in our journey with the third transformation of our development. I aim to work alongside our new Group CEO, Christos Gavalas, to strategically guide the execution of our commitments as defined in our mid-term business plan." This change is set to take effect on January 1, 2026, and highlights METLEN's persistent dedication to long-term value creation through a fortified leadership structure designed to stimulate success.
Established as a key player in the metallurgy and energy sectors, METLEN Energy and Metals PLC is committed to sustainability and circular economy practices, operating primarily on the London Stock Exchange and additionally on the Athens Stock Exchange. Its consolidated revenues and EBITDA stood at €5.68 billion and €1.08 billion, respectively, in 2024. METLEN's innovative business model not only positions the company as a reference for competitive green metallurgy on both European and global stages, but it also provides comprehensive energy solutions, engaging in thermal and renewable projects, electricity distribution, trading, and investments in grid infrastructure and other green technologies across over 40 countries on five continents. This transformative approach implies a holistic synergy model between metallurgy and energy sectors, driving the development of major infrastructure projects from conception to execution.
For more information about METLEN and its initiatives, please visit www.metlengroup.com.
Topics Business Technology）
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