Biography

Michael Moraca has been appointed Chief Financial Officer of Algoma Steel, effective January 1, 2026. He will lead the company’s financial strategy during a pivotal period of operational transition and diversification focused on long-term value creation. 

Michael brings more than two decades of experience across corporate finance, strategic planning, capital markets, and restructuring. As Vice President, Corporate Development and Treasurer, he has led Algoma’s Integrated Business Planning framework and supported major initiatives, including the transition to electric arc furnace (EAF) steelmaking and modernization of plate-mill operations. He also played a key role in taking Algoma public in 2021 and establishing its public-company capital structure and governance framework. 

Since joining Algoma, Michael has helped strengthen the company’s financial foundation through periods of market volatility, with responsibilities spanning treasury and liquidity management, capital allocation, restructuring-related initiatives, and the evaluation of strategic diversification opportunities. 

Michael is a Chartered Professional Accountant (CPA) and holds a Bachelor’s degree in Finance and Administration from Western University.