The announcement follows the departure of Philip Martens, the company’s former President and Chief Executive Officer, also effective immediately. The search for a permanent chief executive is under way.

“The Board would like to thank Phil for his service to Novelis during a critical time of growth and expansion,” said Mr. Kumar Mangalam Birla, Chairman of the company’s Board of Directors. “Given Steve’s deep knowledge of Novelis and strong support of the rest of the executive team, we have great confidence in his ability to lead the company during this interim period.”

Mr Fisher has served as the company’s Senior Vice President and Chief Financial Officer since 2007, and he will continue to serve in that capacity.

“I am honoured to lead Novelis during the Board’s search for a new chief executive,” said Fisher. “The company’s commitment to our existing business strategy remains unchanged and I look forward to working with our strong senior executive team as we continue to focus on growing our portfolio of premium products and advancing our sustainability leadership.”