As a result, it has been decided to manage the business according to region, while also maintaining the product specialisation within those regions. This will enable the businesses to continue to have their own dedicated strategy and focus, while capturing all the synergies within the region.
Separately, Michel Wurth has notified his intention to retire from the company in April 2014. He will retain his links with the company as chairman of ArcelorMittal Luxembourg and, subject to approval at the annual general meeting, as a member of the ArcelorMittal board of directors.
Management of the business will be re-organised as follows, with the following Group Management Board (GMB) responsibilities: