Following changes in the composition of its Board of Directors at its Annual General Meeting on May 2009, ArcelorMittal announces that its Board of Directors has decided to update the composition of its Committees at Board level and create a new Risk Committee.

ArcelorMittal's Audit Committee is now composed as follows:

Mr. Narayanan Vaghul, Chairman
Mr. José Ramón Álvarez Rendueles
Mr. Wilbur L. Ross Jr.
Mr. Antoine Spillmann

ArcelorMittal's Appointments, Remuneration & Corporate Governance Committee is now composed as follows:

Mr. Lewis B. Kaden, Chairman
H.R.H. Prince Guillaume de Luxembourg
Mr. Narayanan Vaghul

The ArcelorMittal Board decided to install a new Risk Committee at Board level in line with recent developments in best practice corporate governance. The Risk Committee is composed as follows:

Mr. Georges Schmit
Mr. Antoine Spillmann

The Risk Committee is responsible for advising the Board of Directors on risk management and ensuring that ArcelorMittal maintains an effective risk management process to support daily management and decision-making.

Sudhir Maheshwari, member of ArcelorMittal's Group Management Board, becomes Chairman of the Group Risk Management Committee newly formed at management level. He will represent the management during Risk Committee meetings.

About ArcelorMittal

ArcelorMittal is one of the world’s leading integrated steel and mining companies with a presence in 60 countries and primary steelmaking operations in 15 countries. It is the largest steel producer in Europe, among the largest in the Americas, and has a growing presence in Asia through its joint venture AM/NS India. ArcelorMittal sells its products to a diverse range of customers including the automotive, engineering, construction and machinery industries, and in 2023 generated revenues of $68.3 billion, produced 58.1 million metric tonnes of crude steel and, 42.0 million tonnes of iron ore. Our purpose is to produce smarter steels for people and planet. 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 the 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. 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).
View all Press Releases