Eramet Shares Slump as CFO Suspension Signals Leadership Crisis

The Paris-listed miner saw its stock price drop by 4.10 euros to 63.95 euros during afternoon European trade as investors reacted to the sudden executive instability. Eramet confirmed that the suspension of Abel Martins-Alexandre is a temporary measure intended to facilitate an independent probe. The investigation stems from warnings raised by several employees within the finance department regarding internal management practices.

Management Shakeup and Operational Divergence

This administrative action follows the board's recent decision to remove Chief Executive Paulo Castellari, who had held the top role for less than a year. While the company maintains that the CFO’s suspension is unrelated to the CEO’s departure, the rapid succession of exits has unsettled markets. Eramet attributed Castellari’s dismissal to "divergences on operating methods," according to the official statement, though the former executive has not yet publicly commented on the matter.

Martins-Alexandre, who only joined the group in mid-September 2025, was reportedly notified of his suspension last Thursday. To maintain continuity, Eramet has established a temporary management structure to oversee financial operations. Despite the internal turmoil, the company confirmed that its full-year earnings report remains on track for release on Feb. 18.