ArcelorMittal today announces that Mr Bernard Fontana has been appointed Chief Executive of its Stainless Division, which is currently being assessed for a potential spin-off.

Mr Fontana was previously Head of Human Resources for the Group and is replacing Jean-Yves Gilet, who has left the Company to head up France's Strategic Investment Fund. He will report to Gonzalo Urquijo, Member of the Group Management Board of ArcelorMittal.

Mr Fontana joined Arcelor as Senior Vice President of Human Resources, Flat Products Europe in 2004. A graduate of Ecole Polytechnique in France, he was hired by French chemical group SNPE in 1986, becoming deputy CEO. With the merger of ArcelorMittal in 2006, he was appointed as Executive Vice President of the Global Automotive business.

Mr Willie Smit, who was Vice President Employee Relations & Benchmarking, will replace Bernard Fontana as Executive Vice President, Head of Human Resources and will join the Group's Management Committee. Mr Smit has been with ArcelorMittal since 2005 and prior to joining he held senior HR positions at leading mining, manufacturing and construction companies. The most recent was as Vice President of Human Resources at Siberian-Urals Aluminium Company (SUAL) in Russia.

Lakshmi Mittal, Chairman of the Board of Directors and CEO, said: "Bernard Fontana has a successful track record in both the operational and commercial aspects of the Group's business so he is well placed to lead our Stainless Division into its next exciting phase of development, as we assess its potential spin-off."

"The fact that these are two internal appointments also demonstrates the strength of leadership talent within ArcelorMittal. Willie Smit has provided strong, reliable support to Bernard over the years so he is a natural replacement and I look forward to his contributions to the Management Committee".

About ArcelorMittal

ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and primary steelmaking facilities in 18 countries. In 2019, ArcelorMittal had revenues of $70.6 billion and crude steel production of 89.8 million metric tonnes, while iron ore production reached 57.1 million metric tonnes. Our goal is to help build a better world with smarter steels. Steels made using innovative processes which use less energy, emit significantly less carbon and reduce costs. Steels that are cleaner, stronger and reusable. Steels for electric vehicles and renewable energy infrastructure that will support societies as they transform through this century. With steel at our core, our inventive people and an entrepreneurial culture at heart, we will support the world in making that change. This is what we believe it takes to be the steel company of the future. 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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