ArcelorMittal appoints Luxembourg Min as Board member

Last Updated: Thursday, December 10, 2009 - 00:50

London: ArcelorMittal on Wednesday announced the
appointment of Luxembourg`s Minister of Economy and Foreign
Trade Jeannot Krecké as a member of its board of directors in
place of Georges Schmit, who will step down by the month-end.

The company, however, maintained that the appointment is
"interim" and shareholders approval would be sought next year
to make it a full-time engagement.

Krecké would be shareholders` representative on the steel
maker`s board effective from January 1, 2010.

"ArcelorMittal on Wednesday announces that Georges Schmit will
step down from his position as a member of the Board of
Directors on 31st December due to his appointment as Consul
General of Luxembourg in San Francisco.

"In replacement of Schmit, the Board has co-opted Jeannot
Krecké as an interim board member starting 1 January 2010,"
the world`s largest steel maker said in a statement.

The Luxembourg-headquartered firm said it would seek
shareholders approval for Krecke’s full appointment to the
post at its Annual General Meeting to be held on May 11, 2010.

"On behalf of all the Board of Directors, I would like
thank him (Georges Schmit) for his dedication and hard work,
particularly during the challenges of the past year.

"(Also) we are very pleased to welcome Minister Jeannot
Krecké. He will be a valuable addition due to his extensive
knowledge of the steel industry and of ArcelorMittal,"
company Chairman and CEO L N Mittal said.

PTI



First Published: Thursday, December 10, 2009 - 00:50

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