Effective 1 December 2017, ArcelorMittal vice president Matthieu Jehl will take over as chairman and chief executive officer. And effective immediately, Samuele Pasi takes on the role of chief financial officer. 

Matthieu currently serves as chief executive of ArcelorMittal’s Belgium unit. He has overseen the company’s Gent facility since 2014 and has led the Belgium unit since its creation in 2016. 

"The turnaround of Ilva is integral to the future of Italy’s manufacturing sector, and I am very excited to have been tasked with this important responsibility. One of the first things I plan to do is meet stakeholders to ensure that we understand their perspective and that they understand our plans and investment commitments, which are considerable," he said in a statement. 

Samuele joins ArcelorMittal from investment banker JP Morgan, where he has worked since 2000. He has held various positions in its investment banking division and most recently served as the client executive of JP Morgan’s Italian investment banking division. He led JP Morgan’s Italian team that advised the ArcelorMittal consortium on its successful offer for Ilva.

"As an Italian native and someone who has been involved in the Ilva tender process for a number of years, I am well aware of the strategic importance of Ilva to the fabric of Italy’s manufacturing sector," he said.  

"ArcelorMittal’s credentials as the world’s leading steel company, and as a committed and trustworthy investor, became very clear to me in the advisory role I undertook for the company. These credentials have an important role to play in turning around Ilva’s fortunes and restoring its license to operate."