Arcelor and Mittal Steel Company on August 4 announced the chief executive officer, chief financial officer, members of the management board and members of the board of directors for Arcelor Mittal.
Roland Junck has been appointed CEO. Roland Junck is currently senior executive vice president of Arcelor’s Group Management Board, a position he has held since Arcelor’s creation in 2002 following the merger of Aceralia, Arbed and Usinor. Since 2006, he has held responsibility for Long Carbon Steel Europe, Long Carbon Steel South America, Wire Drawing and Coordination China. Prior to the creation of Arcelor, Junck was a member of the Arbed Group management board, a company he joined in 1980.
Aditya Mittal has been appointed CFO, with additional responsibility for the Flat American business.
The other four members of the management board will be:
The appointments were approved by the board of directors of both Arcelor and Mittal Steel. They take place with immediate effect allowing for the immediate start of the integration process. The new management board will meet for the first time on August 8.
The 18 members of the new board of directors for Arcelor Mittal are as follows, subject to shareholder approval:
Arcelor representatives
Joseph Kinsch, chairman of the board
José Ramón Álvarez Rendueles (independent)
Edmond Pachura (independent)
HRH the Prince Guillaume of
Sergio Silva de Freitas (independent)
Jean-Pierre Hansen (independent)
Mittal Steel representatives
Lakshmi N. Mittal, president of the board
Vanisha Mittal
Wilbur Ross
Lewis Kaden (independent)
François Pinault (independent)
Narayanan Vaghul (independent)
Shareholder representatives
Georges Schmit (
Antoine Spillmann (JMAC)
Romain Zaleski (Tassara)
Employee representatives
John Castegnaro
Michel Marti
Manuel Fernández López
“This is an important step toward the creation of the world’s first steelmaker,” said Kinsch. “The high level of competence and the experience of the members of this management board will allow Arcelor Mittal to swiftly set up a highly efficient organization which will be best positioned to realize its remarkable value creation potential. I have been working closely for years with Roland Junck. His experience in
Added Lakshmi N. Mittal, president of the board of Arcelor Mittal, “I am confident that we have put together a very strong management board, comprising some of the most experienced executives in the steel industry. They have already been working closely together over the past six weeks and have established a good rapport which augurs well for the future integration of the two companies. I am delighted that Roland Junck has been appointed as the chief executive position. I have been very impressed by my dealings with him in recent weeks, which gives me great confidence in his ability to lead the new company. I am looking forward to working closely with him on the future strategy and growth of the new Arcelor Mittal.”
Said Junck, “I am very proud to be taking up the position of CEO at Arcelor Mittal. I have had many happy years working at Arcelor and its predecessor companies. I have also watched with admiration the growth of Mittal Steel which has established itself as one of the most exciting and dynamic companies in the steel industry today. I am very excited about the challenges of leading a company of this heritage. The discussions I have had over the past few days with Mr. Mittal have given me great encouragement and I am very much looking forward to working closely with him. I will be supported by an exceptional management team and we will work together to deliver on the potential of this great company.”