Yahoo Finance Sudhir Maheshwari to leave ArcelorMittal
28 October 2014
ArcelorMittal announces today that Sudhir Maheshwari, member of the Group Management Board, with responsibility for corporate finance; mergers, acquisitions and divestments; risk management; and India and China, is leaving the company to pursue other opportunities effective 31st March 2015.
Sudhir first joined the company in 1989 in Trinidad & Tobago. He held various finance positions in Hamburg, Dusseldorf and Luxembourg before moving to London in 2000 to join the company`s M&A and corporate finance functions. Following the merger with ISG Group to create Mittal Steel, Sudhir was appointed EVP Finance and M&A. After the merger to create ArcelorMittal he became a member of the management committee, before being appointed to the Group Management Board in 2008.
Commenting, Lakshmi Mittal, Chairman and CEO, said: "Sudhir has been an exceptional colleague for twenty six years, playing a very important role in the company in various responsibilities. I am very sad that he is leaving us, but respect his decision to pursue personal ambitions and wish him every success for the future."
Aditya Mittal, CFO and CEO of ArcelorMittal Europe, added: "I would like to thank Sudhir for his loyalty, commitment and performance over the years. He has worked very closely with me on numerous mergers, acquisitions and financings including the initial IPO in 1997 and the merger with Arcelor to create ArcelorMittal in 2006. He is a highly respected and valued colleague and will be much missed."
Sudhir said: "It has been an incredible twenty six years. When I joined the company in Trinidad I could not have imagined the subsequent journey we would take. It has been a privilege and great experience to have been part of the story and I would like to thank Mr Mittal, Aditya and all my colleagues for giving me this opportunity. It has not been an easy decision to leave, but I will continue to follow the company with great interest and am sure it will continue to go from strength to strength."
Sudhir`s responsibilities will be shared between senior ArcelorMittal executives, who will report to other GMB members on these functions.
The company has announced a number of other organisational changes today, details of which can be found on the website, http://corporate.arcelormittal.com.
About ArcelorMittal
ArcelorMittal is the world`s leading steel and mining company, with a presence in more than 60 countries and an industrial footprint in over 20 countries. Guided by a philosophy to produce safe, sustainable steel, we are the leading supplier of quality steel in the major global steel markets including automotive, construction, household appliances and packaging, with world-class research and development and outstanding distribution networks.
Through our core values of sustainability, quality and leadership, we operate responsibly with respect to the health, safety and wellbeing of our employees, contractors and the communities in which we operate.
For us, steel is the fabric of life, as it is at the heart of the modern world from railways to cars and washing machines. We are actively researching and producing steel-based technologies and solutions that make many of the products and components we use in our everyday lives more energy-efficient.
We are one of the world`s five largest producers of iron ore and metallurgical coal and our mining business is an essential part of our growth strategy. With a geographically diversified portfolio of iron ore and coal assets, we are strategically positioned to serve our network of steel plants and the external global market. While our steel operations are important customers, our supply to the external market is increasing as we grow.
In 2013, ArcelorMittal had revenues of $79.4 billion and crude steel production of 91.2 million tonnes, while own iron ore production reached 58.4 million tonnes.
ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).
For more information about ArcelorMittal please visit: http://corporate.arcelormittal.com/
Contact information ArcelorMittal Investor Relations | |
Europe | + 352 4792 3198 |
Americas | +1 312 899 3985 |
Retail | + 352 4792 3198 |
SRI | + 44 207 543 1123 |
Bonds/Credit | + 33 171 92 10 26 |
Contact information ArcelorMittal Corporate Communications | |
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Phone: | +44 20 7629 7988 |
ArcelorMittal Corporate Communications | |
Sophie Evans (head of media relations) | +44 20 3214 2882 |
United Kingdom | |
France | |
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Sylvie Dumaine / Anne-Charlotte Creach | + 33 1 5370 7470 |
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: ArcelorMittal S.A. via GlobeNewswire
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