Steel Mills
ArcelorMittal Shakes up Organizational Structure
Written by Sandy Williams
December 12, 2013
ArcelorMittal announced it will change its organizational structure to one of regional management in order to simplify how the company is run. The reorganization will allow each business to follow its own strategy and focus for product specialization.
The Group Management Board will be as follows:
– Lou Schorsch , CEO of Flat Carbon Americas and Long Carbons America
– Aditya Mittal, CEO of Flat Carbon Europe and Distribution Solutions as well as maintaining his position as CFO.
– Sudhir Maheshwari will remain as CEO of India and China and head of M&A, finance and risk management
– Davinder Chugh, CEO of ArcelorMittal Africa, CIS, Algeria, Kazakhstan, South Africa and the Ukraine
– Gonzolo Urquijo, CEO Tubular products and will also become head of health and safety and corporate affairs
“We have implemented these changes to simplify the organisation and ensure we have the strongest possible foundation from which to operate and grow in the future,” said Lakshmi Mittal, chairman and CEO. “I am confident that these modifications will enable us to achieve that.”
Additional ArcelorMittal changes include:
– Henri Blaffart, executive vice president and group head of human resources, will also take responsibility for corporate services encompassing legal, capital goods, shipping and IT, reporting to the CEO.
– Bill Scotting remains CEO of Mining.
– Robrecht Himpe is appointed head of business optimisation Europe and will report to Aditya Mittal. Geert Van Poelvoorde is appointed head of Flat Carbon Europe and will also report to Aditya Mittal.
Separately, Michel Wurth, head of Long Carbon Worldwide announced his intention to retire from the company in April 2014. Wurth will continue as chairman of ArcelorMittal Luxembourg and, subject to approval at the annual general meeting, as a member of the ArcelorMittal board of directors.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Cliffs talks DOE funding, blast furnace relining schedule
The future of two projects supported in part by funding through the Department of Energy remains uncertain.
Cleveland-Cliffs open to asset sales
Meanwhile, its Canadian operations have been hurt by the broader tariffs proposed by the United States.
As Q1 loss balloons, Cliffs pledges to cut costs, streamline operations
Cleveland-Cliffs Inc. gushed red ink in the first quarter, and pledged to stem the bleeding by idling inefficient, “loss-making operations” and increasing focus on its core automotive business.
Cliffs plans to idle three mills, cut 950 jobs on ‘insufficient demand and pricing’
Cleveland-Cliffs plans to indefinitely idle its steel mill in Riverdale, Ill., as well as mills in Conshohocken, Pa., and Steelton, Pa. The Cleveland-based steelmaker said all three facilities would be idled on or around June 30. Approximately 950 jobs will be impacted, the company said.
CRU: Usiminas may reduce capex unless government strengthens protection
“The lack of effective measures to create fair competition, amid a surge in subsidized imports, is the main threat to the sustainability of Brazil’s steel industry and its value chain,” CEO Marcelo Chara said.