TS · Tenaris S.A.

Tenaris announced a CEO succession on May 6, 2026, with Gabriel Podskubka appointed as Chief Executive Officer, effective immediately. Paolo Rocca, who has led the company since before its IPO in 2002, will continue as Chairman of the Board. Podskubka, previously Chief Operating Officer since 2023, has been with Tenaris since 1995 and held various leadership roles including heading Eastern European operations and serving as president of Eastern Hemisphere operations from 2013 to 2023. The appointment reflects a planned leadership transition, ensuring stability and continuity. No compensation details or additional terms were disclosed. This change is significant for investors as it marks a new era for the global steel tubes leader, though the continued presence of Rocca as Chairman provides reassurance.