News: ArcelorMittal appoints Aditya Mittal as chief executive


ArcelorMittal appoints Aditya Mittal as chief executive

Son replaces father Lakshmi who becomes Executive Chairman of the international steel group.
ArcelorMittal appoints Aditya Mittal as chief executive

ArcelorMittal announces 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.

 “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,” said Lakshmi Mittal.

“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,’’ says Aditya Mittal. 

“This is a well-planned transition and I would expect it be very smooth.  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,’’ Said, Bruno Lafont, Lead Independent Non-Executive Director.  

As a result of these developments, Genuino Christino will become Chief Financial Officer. Christino joined the company in 2003 and has held the position of Head of Finance since 2016.

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Topics: Appointments, C-Suite

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