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ArcelorMittal Announces Changes to Management Committee
05/14/2008 - ArcelorMittal announces a number of changes to its Management Committee, including the retirement of Chairman Joseph Kinsch, and the assumption of his role by CEO Lakshmi Mittal.
ArcelorMittal announced a number of changes to its Management Committee following the company’s Annual General Meeting and Extraordinary General Meeting of Shareholders.
The meeting was the last ArcelorMittal General Meeting to be chaired by Joseph Kinsch, who is retiring after a career of almost 50 years in the steel industry. Kinsch had been in charge of Arcelor from the time it was created in 2002, and later presided over the integration of Arcelor and Mittal Steel.
ArcelorMittal CEO Lakshmi Mittal, who will now also become the company’s Chairman, expressed his gratitude to Mr. Kinsch for his contribution to the steel industry and ArcelorMittal, saying: “I have been working with him for over two years now and I have come to respect his determination, integrity and strength of character”.
In addition to the retirement of Joseph Kinsch, the board also recognized the expiration of mandate for Edmond Pachura, as well as the resignations of Romain Zaleski, Corporación JMAC B.V. and Manuel Fernandez Lopez from the Board of Directors.
New members appointed to the Management Committee are Robrecht Himpe (CEO Flat Europe) and Arnaud Poupart-Lafarge (Africa and CIS). Vijay Bhatnagar, who remains a member of the Management Committee, will be taking up new responsibilities as CEO of India.
Two current members of the Management Committee—André van den Bossche, in charge of Global Trade Policy, Steel Contact Groups, Mandates and Associations, and Narendra Chaudhary, CEO Africa and CIS—will be retiring in due course. Van den Bossche will continue to serve as a consultant to the CEO. Upon his retirement, Chaudhary’s responsibilities will be assumed by Poupart Lafarge.
ArcelorMittal’s new Management Committee structure is as follows:
- Bhikam Agarwal, Executive Vice President, Head of Finance
- Vijay Bhatnagar, Executive Vice President, CEO India
- Jose Armando Campos, Executive Vice President, CEO Flat South America
- Narendra Chaudhary, Executive Vice President, CEO Africa and CIS
- Philippe Darmayan, Executive Vice President, CEO ArcelorMittal Steel Solutions and Services
- Bernard Fontana, Executive Vice President, Head of Human Resources
- Jean-Yves Gilet, Executive Vice President, CEO Stainless
- Pierre Gugliermina, Executive Vice President, Chief Technology Officer (CTO)
- Robrecht Himpe, Executive Vice President, CEO Flat Europe
- Carlo Panunzi, Executive Vice President, CEO Long Americas
- Michael Pfitzner, Executive Vice President, Head of Marketing and Commercial Coordination
- Arnaud Poupart-Lafarge, Executive Vice President, Africa and CIS
- Gerhard Renz, Executive Vice President, CEO Long Europe (including Annaba, Bosnia, Ostrava and Sonasid)
- Mike Rippey, Executive Vice President, CEO USA
- Lou Schorsch, Executive Vice President, CEO Flat Americas
- Bill Scotting, Executive Vice President, Head of Strategy
“I believe that we have a first-class management team in place,” commented Lakshmi Mittal. “I have every confidence that with this new structure, and with the collective talents of the individuals appointed to these roles, we are truly building a company built to last”.
ArcelorMittal is the world's largest and most global steel company, with 310,000 employees in more than 60 countries. The company leads a number of major global markets, with leading R&D and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. An industrial presence in 28 European, Asian, African and American countries exposes the company to key steel markets, from emerging to mature, positions it will be looking to develop in the high-growth Chinese and Indian markets.
ArcelorMittal’s key financials for 2007 show revenues of USD 105.2 billion, with a crude steel production of 116 million tonnes, representing around 10% of world steel output.
