The board of directors of Arcelor Mittal on November 6 announced a reorganization of the company’s senior management structure.
The board unanimously appointed Lakshmi N. Mittal as the new chief executive officer with immediate effect. Mittal will continue in his role as president of the board of directors.
Roland Junck has stepped down as chief executive, but will remain a member of the group management board with his existing portfolio and additional responsibility as advisor to the chief executive. The GMB will now be comprised of Lakshmi Mittal, Aditya Mittal, Junck, Michel Wurth, Gonzalo Urquijo and Malay Mukherjee. Davinder Chugh will retain his operational functions, reporting directly to the chief executive officer.
“We are making these changes to clarify the leadership of the company,” said Joseph Kinsch, chairman of the board of directors. “It had become clear over the past months that the interests of the company were not best served by the previous structure. I believe these revised arrangements are in the best interest of all stakeholders. Mr. Mittal is one of the most experienced and successful executives in the steel industry, and the board is confident his leadership will deliver the considerable potential of Arcelor Mittal.”
