Luxembourg, 5 June 2009 - Following changes in the composition of its Board of Directors at its Annual General Meeting on May 2009, ArcelorMittal announces that its Board of Directors has decided to update the composition of its Committees at Board level and create a new Risk Committee.
ArcelorMittal's Audit Committee is now composed as follows:
Mr. Narayanan Vaghul, Chairman
Mr. José Ramón Álvarez Rendueles
Mr. Wilbur L. Ross Jr.
Mr. Antoine Spillman
ArcelorMittal's Appointments, Remuneration & Corporate Governance Committee is now composed as follows:
Mr. Lewis B. Kaden, Chairman
H.R.H. Prince Guillaume de Luxembourg
Mr. Narayanan Vaghul
The ArcelorMittal Board decided to install a new Risk Committee at Board level in line with recent developments in best practice corporate governance. The Risk Committee is composed as follows:
Mr. Georges Schmit
Mr. Antoine Spillmann
The Risk Committee is responsible for advising the Board of Directors on risk management and ensuring that ArcelorMittal maintains an effective risk management process to support daily management and decision-making.
Sudhir Maheshwari, member of ArcelorMittal's Group Management Board, becomes Chairman of the newly formed Group Risk Management Committee. He will represent the management during Risk Committee meetings.
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 2008, ArcelorMittal had revenues of $124.9 billion and crude steel production of 103.3 million tonnes, representing approximately 10 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).
ArcelorMittal's Audit Committee is now composed as follows:
Mr. Narayanan Vaghul, Chairman
Mr. José Ramón Álvarez Rendueles
Mr. Wilbur L. Ross Jr.
Mr. Antoine Spillman
ArcelorMittal's Appointments, Remuneration & Corporate Governance Committee is now composed as follows:
Mr. Lewis B. Kaden, Chairman
H.R.H. Prince Guillaume de Luxembourg
Mr. Narayanan Vaghul
The ArcelorMittal Board decided to install a new Risk Committee at Board level in line with recent developments in best practice corporate governance. The Risk Committee is composed as follows:
Mr. Georges Schmit
Mr. Antoine Spillmann
The Risk Committee is responsible for advising the Board of Directors on risk management and ensuring that ArcelorMittal maintains an effective risk management process to support daily management and decision-making.
Sudhir Maheshwari, member of ArcelorMittal's Group Management Board, becomes Chairman of the newly formed Group Risk Management Committee. He will represent the management during Risk Committee meetings.
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 2008, ArcelorMittal had revenues of $124.9 billion and crude steel production of 103.3 million tonnes, representing approximately 10 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).
No comments:
Post a Comment