ArcelorMittal’s Board of Directors has taken note of Mr. Wilbur Ross’ resignation from the Board as a consequence of his confirmation as US Secretary of Commerce.

The Board congratulates Mr. Ross on his new role.
 
Commenting, Mr. Lakshmi N. Mittal, Chairman & CEO, ArcelorMittal, said:

“I’ve known Wilbur for more than a decade, since we bought his company International Steel Group in 2004.  Since then he has been a very active and engaged member of our Board and has always been a trusted and valued source of advice to me.  He’s a very astute and successful businessman, whose many years of experience at the heart of international finance and commerce mean he is very well positioned to shape policy that promotes economic growth.  I am sure he will make an excellent Commerce Secretary, bringing great energy, experience and wisdom to the role.  It is very good news to have such an accomplished businessman and investor in government.” 
 
The Board of ArcelorMittal has no intention to appoint a Board member on an interim basis before the next Annual General Meeting of Shareholders and will therefore be composed of eleven members going forward.

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/

http://corporate.arcelormittal.com/
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