Algoma Steel has announced an important leadership transition, reflecting the company’s careful planning and progress.
Michael Garcia, Algoma’s Chief Executive Officer, will retire at the end of this calendar year. Under Garcia’s leadership, the company has undergone a major transformation — modernizing its operations, advancing its Electric Arc Furnace (EAF) project, and positioning the company for a sustainable future. Garcia will remain with Algoma through the remainder of the year to support a smooth and thoughtful transition. His continued leadership during this period will ensure stability and momentum as the company moves confidently into the next chapter of its journey.
Effective in early 2026, Rajat Marwah will become Algoma’s next Chief Executive Officer, and Mike Moraca will assume the role of Chief Financial Officer. Marwah has been part of Algoma since 2008, helping to shape its long-term strategy and drive its transition to low-carbon steelmaking. Moraca brings more than two decades of experience supporting our financial and operational initiatives.
Courtesy of Algoma Steel.