Arcelormittal Announces Changes to the Board of Directors
25 Gennaio 2011 - 4:40PM
Business Wire
Regulatory News:
It was announced and approved at ArcelorMittal’s Extraordinary
General Meeting of Shareholders today that François Pinault will
step down from his position as a member of the Board of Directors
effective 26 January.
M. Pinault, 74, joined the Board of Mittal Steel Company in June
2006 and has been an independent director of ArcelorMittal since
the company’s inception in November 2007.
Lakshmi N. Mittal, Chairman and CEO of ArcelorMittal, commented:
"Francois Pinault is an exceptional businessman who has made a
great contribution to the Board. I was very honoured when he agreed
to join our Board in 2006. His support during our bid for Arcelor
and since then has been invaluable. On behalf of all the Board of
Directors, I would like to thank him for his dedication and hard
work.”
M. Pinault, added, “I always believed in Mr Mittal’s vision of a
more sustainable and global steel industry. It has been a privilege
to serve on the board of this company during a period when it has
firmly established itself as the world’s leading steel company. I
wish the company every success for the future and am sure it will
continue to go from strength to strength.”
Shareholders also approved the appointment of Mrs. Suzanne
Nimocks, 51, to the Board of Directors. She was previously a
director (senior partner) with McKinsey & Company, a global
management consulting firm, from June 1999 to March 2010 and was
with the firm in various other capacities since 1989, including as
a leader in the firm’s Global Petroleum Practice, Electric Power
& Natural Gas Practice, Organization Practice, and Risk
Management Practice. She chaired the Environmental Committee of the
Greater Houston Partnership, the primary advocate of Houston's
business community, until 31 December 2010. She holds a Bachelor of
Arts in Economics from Tufts University and a Masters in Business
Administration from the Harvard Graduate School of Business.
Mrs. Nimocks is currently a Board Member for Encana Corporation
and Rowan Companies Inc, both listed companies, and Valerus, a
private company. Encana is a major natural gas company, Rowan
Companies provides drilling services for the oil and gas industry
and Valerus provides services for oil and gas production. In the
non-profit sector, she serves on the Board of the St. John’s School
in Houston.
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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