Election of members of Board of Directors

Transcription

1 Election of members of Board of Directors 05 May 2015

2 Narayanan Vaghul Narayanan Vaghul, 78, is a non executive and independent Director of ArcelorMittal. He has more than 50 years of experience in the financial sector. He was the chairman of ICICI Bank Limited between 2002 and April Previously, he served as the chairman of the Industrial Credit and Investment Corporation of India group, a long-term credit development bank for 17 years. Prior to that, he has been chairman of the Bank of India and executive director of the Central Bank of India. Mr Vaghul has been a visiting professor at the Stern Business School at New York University and has served as a consultant to the World Bank, the International Finance Corporation and the Asian Development Bank. He is currently chairman of the Indian Institute of Finance Management and Research and is also a board member of various other companies, including Wipro, Piramal Healthcare Limited and Apollo Hospitals. Narayanan Vaghul was chosen as Businessman of the Year in 1992 by Business India. In 2010, he was awarded the Indian Padma Bhushan the third highest civilian honour in the country - in the trade and industry category. 1

3 Wilbur Ross Wilbur Ross, 77, is a non-executive and independent Director of Arcelor Mittal. He is also the Chairman of WL Ross Holding Corporation which is listed on NASDAQ. He is Vice Chairman of the Bank of Cyprus which is listed on the Cyprus and Athens Stock Exchanges and is a Director of Sun Bancorp (an Over the Counter - OTC entity), and of Exco, which is listed on the New York Stock Exchange. As such, he is in compliance with ArcelorMittal s policy, which limits the number of directorships directors may hold in order to align the Company s corporate governance practices with best practices in this area. Namely, no more than 5 non-executive directorships in listed companies. Mr. Ross has a number of non-profit affiliations. He is on the Board of the Yale School of Management and the Harvard Business School Dean's Advisory Board. Mr. Ross is Chairman of the Japan Society and of the Economic Studies Council of the Brookings Institution, of which he is also a Trustee. He is the President of the American Friends of the Magritte Museum and a member of the International Council of the Musée des Arts Décoratifs. He also is a Trustee of the Palm Beach Retirement Funds, the Palm Beach Preservation Foundation and the Palm Beach Civic Association. Mr. Ross is a citizen of the United States of America. 2

4 Tye Burt Tye Burt, 57, is a non-executive and independent Director of ArcelorMittal. He was appointed president and chief executive officer of Kinross Gold Corporation, a mining company listed in New York and Toronto in March He held this position until August Mr Burt has a broad experience in the global mining industry, specialising in corporate finance, business strategy and mergers and acquisitions. Prior to joining Kinross, he held the position of vice chairman and executive director of corporate development at Barrick Gold Corporation. Other previous positions include: president, Cartesian Capital Group from 2000 to 2002; chairman, Deutsche Bank Canada and Deutsche Bank Securities Canada; global managing Director, global metals and mining for Deutsche Bank AG from 1997 to 2000 and managing director and co-head of the global mining group at BMO Nesbitt Burns from 1995 to He held various other positions at BMO Nesbitt Burns from 1986 to Mr Burt is a board member of Dacha Strategic Metals Inc. and the Life Sciences Research Campaign Chair for the University of Guelph s Better Planet project. He is also a member of the Duke of Edinburgh's Award Charter for Business board of governors. Mr Burt is a graduate of Osgoode Hall Law School in Toronto and a member of the Law Society of Upper Canada. He holds a bachelor of arts from the University of Guelph. 3

5 Karyn Ovelmen Mrs. Karyn Ovelmen, 52, is the Chief Financial Officer and Executive Vice President of LyondellBasell Industries NV, one of the world s largest plastics, chemicals and refining companies, a position that she has held since October She will join Flowserve, a leading provider of flow control products and services for the global infrastructure market, as Executive Vice President and Chief Financial Officer, effective June 1, Before, Mrs. Ovelmen most recently served as Executive Vice President and Chief Financial Officer of Petroplus Holdings AG from May 2006 to September 2010 and as Executive Vice President and Chief Financial Officer of Argus Services Corporation from 2005 to Prior to that, she was Vice President of External Reporting and Investor Relations for Premcor Refining Group Inc. She also spent 12 years with PricewaterhouseCoopers, primarily serving energy industry accounts. Mrs. Ovelmen holds a Bachelor of Arts degree from the University of Connecticut, USA, and is a Certified Public Accountant ("CPA") of AICPA. Mrs. Ovelmen is a citizen of the United States of America. 4