ArcelorMittal to simplify management structure

KOLKATA: ArcelorMittal has said it will simplify its management structure in-line with an on going drive to promote a performance-driven culture. Consequently, the Group Management Board, which was established to ensure a smooth integration following the creation of ArcelorMittal, will be replaced with a more flexible structure. "The CEO office - comprising the CEO and CFO - will work directly with a team of seven executive officers, who collectively encompass the key regions and corporate functions," according to a recent company statement.

Following this, Davinder Chugh will be Senior Executive vice president, CEO of Africa and the CIS, Brian Aranha, Executive vice president, head of strategy, CTO, R&D, CCM and global automotive, Jim Baske, Executive vice president, CEO ArcelorMittal Nafta Flat Rolled, Henri Blaffart, Executive vice president, group head of HR and corporate services, Jefferson de Paula, Executive vice president, CEO of ArcelorMittal South America Long, Geert van Poelvoorde, Executive vice president, CEO of ArcelorMittal Europe Flat, Simon Wandke, Executive vice president, CEO of ArcelorMittal Mining.

The CEO office and executive officers will be further supported by the group management committee, which meets regularly to discuss the key strategic issues affecting the company.

Additionally, B C Agarwal, 64, group head of finance and member of the management committee, will retire effective end of February 2016. Agarwal joined the company in 1973 and was involved in the setting up of the first plant in Indonesia. In his place, Genuino Christino will take up the position of group head of finance, reporting to Aditya Mittal, group CFO and CEO of ArcelorMittal Europe, the statement added. Commenting on it L N Mittal said: “Bhikam was one of the first employees of ArcelorMittal. He was with me in the early days in Indonesia when we had nothing but a green field in front of us and has been with the company ever since."