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Essar Appoints Malay Mukherjee CEO of Steel Business

09/09/2009 - The Essar Group announced the appointment of Malay Mukherjee as the CEO of its steel business, effective October 15.

The Essar Group announced the appointment of Malay Mukherjee as the CEO of its steel business, effective October 15.
 
Mukherjee will replace current CEO, J Mehra, who will assume a new role as Director — Essar Group. Mehra will continue to support the group’s Promoter Directors in business strategy, investments, corporate relations, and corporate governance. He also will continue to be an active member of the Group Management Committee, as well as the Group Investment Committee, the Risk Management Committee, and the People’s Committee.
 
“Our steel business has grown by leaps and bounds under the stewardship of Mr. Mehra. His new assignment will enable Essar to continue to draw on his rich experience,” said Shashi Ruia, Chairman — Essar Group. “Mr. Malay Mukherjee comes with valuable international experience in the steel business and is an excellent addition to Essar Group’s dynamic leadership team.”
 
Mukherjee is an alumnus of the Indian Institute of Technology, Kharagpur, and holds a master’s degree in mining from the USSR State Commission in Moscow. In a career that spans more than 35 years, he has led a variety of technical and commercial functions in the steel industry, including iron ore mining, project implementation, materials management, and plant operations.
 
Until recently, Mukherjee was a member of the ArcelorMittal Board of Directors. Prior to that, he was also a member of the company’s Group Management Board, with responsibility for Asia, Africa, CIS, Mining, Stainless, Pipes and Tubes, as well as Technology.
 
Prior to joining the LN Mittal Group in 1993, Mukherjee worked at Steel Authority of India where he was Executive Director (Works) at the Bhilai Steel Plant. He was also associated with the Ispat Group, including as President and COO of Ispat International, before joining Mittal Steel in 2004 as the COO. He has been awarded a life membership from the Indian Institute of Metals.
 
Essar Steel is a fully integrated flat carbon steel manufacturer—from iron ore to ready-to-market products. It has a global steel production capacity of 14 million tonnes per annum (MTPA). Its products find wide acceptance in various consumer sectors, including automotive, white goods, construction, engineering, and shipbuilding. Essar Steel is India’s largest exporter of flat products to the U.S. and European markets, and to the growing markets of South East Asia and the Middle East. It has the country’s largest service center capability with an annual capacity of 2.5 MTPA, and the largest network of steel retail outlets with more than 230 branded Essar Hypermarts.