Overview
- Tenaris’s board appointed Gabriel Podskubka as chief executive Wednesday, with Paolo Rocca staying as Tenaris chairman and president of Grupo Techint.
- Company leaders called the move the culmination of a long succession plan, and Podskubka said the transition was mapped out over the past three years during his time as COO.
- Tenaris reported first‑quarter 2026 sales of $3.1 billion, net income of $564 million, and EBITDA of $735 million, with sales up 6% and profit up 9% from a year earlier.
- Management flagged about $140 million of second‑quarter impact from March’s Middle East disruptions near the Strait of Hormuz and higher shipping costs, while pointing to growth in North America, Vaca Muerta services, and offshore projects.
- Local coverage noted recent tensions with President Javier Milei after Tenaris lost a major pipeline‑tube tender to India’s Welspun, though the company framed the leadership change as an internal continuity step.