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Aditya Mittal Appointed ArcelorMittal CEO

Aditya Mittal Appointed ArcelorMittal CEO

The Board of Directors of ArcelorMittal recently announced that Aditya Mittal, currently President, CFO and CEO ArcelorMittal Europe, will become Chief Executive Officer of the company. Lakshmi N. Mittal, who founded the company in 1976 and is currently Chairman and CEO, will become Executive Chairman. In this position, he will continue to lead the Board of Directors and work together with the CEO and management team.

 

Commenting, Lakshmi Mittal said: “Despite the obvious challenges of 2020, ArcelorMittal starts 2021 in a position of comparative strength. Having achieved some key strategic targets, this seems like the right moment to transition to Executive Chairman and the Board unanimously agree that Aditya Mittal is the natural and right choice to be the company’s, Chief Executive. I remain as fascinated, engaged and committed to the company’s long-term success as ever. I am looking forward to this next chapter.”

 

Aditya Mittal said: “It is an honour to be appointed Chief Executive of ArcelorMittal. Mr Mittal built ArcelorMittal from a greenfield rolling mill in Indonesia to become the world’s leading steel company. It is an extraordinary achievement and I am privileged to have witnessed and been part of so much of that journey. I’m excited about what lies ahead. ArcelorMittal is full of incredible people, a company with excellent knowledge and capabilities and a company with tremendous potential.

 

Bruno Lafont, Lead Independent Non-Executive Director, said: “Aditya Mittal is without a doubt the right candidate to be the next Chief Executive of ArcelorMittal. His knowledge and experience of the company is second-to-none and this step reflects the role he has increasingly performed in recent years. He has impressed the Board with his forensic knowledge of the business, his leadership skills in all market conditions and his knowledge of the sustainability trends that are shaping and changing the way the global economy operates."

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