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Nov. 6, 2006 / 1:56 PM

Lakshmi Mittal to be CEO of Arcelor Mittal

LUXEMBOURG, Nov. 6 (UPI) -- Arcelor Mittal, the world's biggest steel maker, said board president Lakshmi Mittal has been named the chief executive of the Luxembourg-based firm.

The company said Roland Junck has stepped down as chief executive but will remain a member of the group management board with his existing portfolio and additional responsibility as adviser to the chief executive.

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The group management board will now comprise Mr Lakshmi N. Mittal, Aditya Mittal, Roland Junck, Michel Wurth, Gonzalo Urquijo and Malay Mukherjee.

Arcelor Mittal shareholders must approve the new appointment.

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Lakshmi Mittal

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