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Home > Business > PTI > Report

Arcelor Mittal announces shake-up in US arm

August 16, 2006 14:41 IST

Arcelor Mittal has announced key changes in senior positions within Mittal Steel USA in an effort to improve operational performance and align the company's flat products division in America with long-term goals for the combined company.

Lou Schorsch, outgoing president and CEO of Mittal Steel USA, has been appointed to the position of CEO Flat Products, Americas and will report to Arcelor Mittal CFO Aditya Mittal.

"The appointment of Lou and the management changes at the US operations will be key to achieving a higher level of benefits, as well as performance. Lou has distinguished himself as a proven leader within Mittal Steel and has played a critical role in successful integration of ISG acquisition in the US," said Mittal, son of NRI steel tycoon L N Mittal.

"We will look for him to play a pivotal role in the integration of Arcelor Mittal in the America's and capturing the available synergies of the new, enlarged American flat products division," he added.

In his new role, Schorsch will lead the integration and executive management of flat-rolled operations in the US.

Meanwhile, Mike Rippey has been selected to succeed Schorsch in the role of President and CEO of Mittal Steel USA.

Rippey previously served as Executive Vice-President, Sales and Marketing in the same company.

Executive Vice-President of Operations, Bill Brake, who is leaving the company, will be succeeded by Len Chuderewicz, who currently heads operations at Mittal Steel - Indiana Harbour.

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