Arcelormittal Announces Appointment of New Chief Executive of Its Stainless Division
22 Settembre 2010 - 8:00AM
Business Wire
Regulatory News:
ArcelorMittal today announces that Mr Bernard Fontana has been
appointed Chief Executive of its Stainless Division, which is
currently being assessed for a potential spin-off. Mr Fontana was
previously Head of Human Resources for the Group and is replacing
Jean-Yves Gilet, who has left the Company to head up France's
Strategic Investment Fund. He will report to Gonzalo Urquijo,
Member of the Group Management Board of ArcelorMittal.
Mr Fontana joined Arcelor as Senior Vice President of Human
Resources, Flat Products Europe in 2004. A graduate of Ecole
Polytechnique in France, he was hired by French chemical group SNPE
in 1986, becoming deputy CEO. With the merger of ArcelorMittal in
2006, he was appointed as Executive Vice President of the Global
Automotive business.
Mr Willie Smit, who was Vice President Employee Relations &
Benchmarking, will replace Bernard Fontana as Executive Vice
President, Head of Human Resources and will join the Group's
Management Committee. Mr Smit has been with ArcelorMittal since
2005 and prior to joining he held senior HR positions at leading
mining, manufacturing and construction companies. The most recent
was as Vice President of Human Resources at Siberian-Urals
Aluminium Company (SUAL) in Russia.
Lakshmi Mittal, Chairman of the Board of Directors and CEO,
said: "Bernard Fontana has a successful track record in both the
operational and commercial aspects of the Group's business so he is
well placed to lead our Stainless Division into its next exciting
phase of development, as we assess its potential spin-off."
"The fact that these are two internal appointments also
demonstrates the strength of leadership talent within
ArcelorMittal. Willie Smit has provided strong, reliable support to
Bernard over the years so he is a natural replacement and I look
forward to his contributions to the Management Committee".
About ArcelorMittal
ArcelorMittal is the world's leading steel company, with
operations in more than 60 countries.
ArcelorMittal is the leader in all major global steel markets,
including automotive, construction, household appliances and
packaging, with leading R&D and technology, as well as sizeable
captive supplies of raw materials and outstanding distribution
networks. With an industrial presence in over 20 countries spanning
four continents, the Company covers all of the key steel markets,
from emerging to mature.
Through its core values of sustainability, quality and
leadership, ArcelorMittal commits to operating in a responsible way
with respect to the health, safety and wellbeing of its employees,
contractors and the communities in which it operates. It is also
committed to the sustainable management of the environment and of
finite resources. ArcelorMittal recognises that it has a
significant responsibility to tackle the global climate change
challenge; it takes a leading role in the industry's efforts to
develop breakthrough steelmaking technologies and is actively
researching and developing steel-based technologies and solutions
that contribute to combat climate change.
In 2009, ArcelorMittal had revenues of $65.1 billion and crude
steel production of 73.2 million tonnes, representing approximately
8 per cent of world steel output.
ArcelorMittal is listed on the stock exchanges of New York (MT),
Amsterdam (MT), Paris (MT), Brussels (MT), Luxembourg (MT) and on
the Spanish stock exchanges of Barcelona, Bilbao, Madrid and
Valencia (MTS).
For more information about ArcelorMittal visit:
www.arcelormittal.com
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