Simon Wandke promoted to CEO of ArcelorMittal Mining
11 July 2015 - 1:50AM
10 July 2015 - ArcelorMittal, the world's leading
steel and mining company, today announces that Simon Wandke has
been nominated Executive Vice President of ArcelorMittal and
promoted to Chief Executive Officer of ArcelorMittal Mining, with
immediate effect. Simon replaces Bill Scotting, who is leaving the
company to pursue other opportunities.
Simon joined the company in
January 2011 as Chief Commercial Officer of ArcelorMittal Mining
and is a member of the Group Management Committee. He has over 30
years' experience in the mining and minerals industry, starting his
career in 1981 at BHP Billiton, where he held positions in mines in
Australia and Indonesia and other commercial offices globally until
2002. He then joined Destra Consulting Group as Partner before,
becoming Chief Marketing Officer for Ferrexpo plc in 2006 based in
Hong Kong and Switzerland.
Simon is a graduate of the
Australian Institute of Company Directors with a Diploma in Company
Directorship. He also holds a Graduate Diploma in Corporate Finance
from Swinburne University, Australia, as well as a B.A., Psych,
Marketing (Comm) from the University of Melbourne, Australia.
Commenting, Lakshmi Mittal,
Chairman and CEO, said: "Simon has proved a strong operator since
he joined the group in 2011 and was a clear choice to take up the
position of CEO. He knows our mining assets very well and fully
understands the priorities for the business in the current
operating environment. He is supported by a very strong leadership
team and I am confident he will build on the excellent progress
Bill has made in optimising the performance of the asset base,
specifically increasing marketable shipments and reducing costs
through debottlenecking and efficiency improvements. I would also
like to take this opportunity to thank Bill, who has been a
tremendous asset to ArcelorMittal over the past thirteen years and
has made a considerable contribution to our company. I wish him
every success for the future."
Simon Wandke, said: "Being
promoted to CEO of ArcelorMittal Mining is a great honour for me,
and I am looking forward to the challenge. We are currently
operating in a tough market environment and must ensure we continue
to be disciplined in all aspects of our mining operations, building
on the excellent progress we have made with our cost reduction and
production optimisation measures. ArcelorMittal has world-class
mining assets and a valued and talented team and I am sure we will
continue to deliver strong and consistent progress."
About ArcelorMittal
ArcelorMittal is
the world's leading steel and mining company, with a presence in 60
countries and an industrial footprint in 19 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 people use in
their 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 2014,
ArcelorMittal had revenues of US$79.3 billion and crude steel
production of 93.1 million tonnes, while own iron ore production
reached 63.9 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/
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ArcelorMittal Corporate
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Laura Nutt
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This
announcement is distributed by NASDAQ OMX Corporate Solutions on
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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
HUG#1936274
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