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Argentine-Italian billionaire Paolo Rocca is relinquishing the chief executive role at steel-pipe maker Tenaris. Gabriel Podskubka will succeed him as CEO. Rocca will continue to serve as chairman of the company.
insidermonkey.comArgentine-Italian billionaire Paolo Rocca is stepping down from the helm of steel-pipe maker Tenaris. Gabriel Podskubka takes the role of CEO while Rocca will remain as chairman. The leadership change was reported by @business.
Rocca, who has guided the company for decades, will stay on in the chairman position to provide continuity. His departure from day-to-day leadership marks a significant transition at one of the world's largest producers of seamless steel pipes for the energy industry.
No effective date for the change was disclosed in the announcement. The move comes as Tenaris continues to navigate global demand for pipes used in oil and gas exploration and production.
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