Arcelor Mittal Activity Report 2006 - paperJam

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20 Arcelor Mittal Activity Report 2006Board of DirectorsArcelor Mittal’s Board of Directors is composedof 18 members, responsible for the overall supervisionof the company. Twelve of its members were appointedequally by Arcelor and Mittal Steel. There are three shareholderrepresentatives and three employee representatives.The Board is truly international in character.Joseph Kinsch (01), 73, is the Chairmanof Arcelor Mittal’s Board of Directors.At the helm of Luxembourg-basedsteelmaker Arbed, he has been oneof the key consolidators of the worldsteel industry of the last decades,first by reshaping Arbed’s strategy andsteering its growth, notably in Europeand Brazil, then by assuming a significantrole in the three-way merger of Europeansteel companies which resulted in Arcelor,and recently by negotiating a mergerof equals between Arcelor and MittalSteel. Mr. Kinsch joined Arbed in 1961at its Burbach (Saar, Germany) plant.A year later, he moved to the company’sheadquarters in Luxembourg. There,he held various financial (accounting andfinance) and industrial (steel processing)positions. Mr. Kinsch was a memberof the Group’s Management Board from1980 to 1991, became CEO in 1992and Chairman of the Board of Directorsin 1993. In 2002, at the creationof Arcelor, he was chosen to chair theBoard of Directors of the new company.Joseph Kinsch holds a Master degreein Economics and is a Doctor of Lawsh.c. He is the Honorary Consul ofBrazil in Luxembourg. His merits as anentrepreneur have been widely recognisedthroughout the world.Lakshmi N. Mittal (02), 56, is thePresident of the Board of Directorsand Chief Executive Officer of ArcelorMittal. He is the founder of MittalSteel and has been responsible for itsstrategic direction and development.He is widely recognised for the rolehe has played in restructuring the steelindustry towards a more consolidatedand globalised model. He is also anon-executive Director of Mittal Steel SouthAfrica, an executive committee memberof the International Iron and Steel Institute,a member of the Foreign InvestmentCouncil in Kazakhstan, the InternationalInvestment Council in South Africa, theWorld Economic Forum’s InternationalBusiness Council, a Director of ICICI BankLtd and is on the Advisory Board of theKellogg School of Management in theUnited States. At the end of 2006,Mr. Mittal was named Man of the Yearby the Financial Times, BusinessPerson of 2006 for The Sunday Times,Gewinner 2006 for Die Welt,and Newsmaker of the Year for Timemagazine. He was awarded Fortunemagazine’s ‘European Businessmanof the Year 2004’ and was named‘Entrepreneur of the Year’ by the WallStreet Journal in 2004. He was previouslynamed Steel Maker of the Year in 1996by New Steel, a leading industry publicationand was awarded the 8th honoraryWilly Korf Steel Vision Award, the highestrecognition for worldwide achievementin the steel industry. Mr. Mittal hasbeen nominated for the 2007 Dwight D.Eisenhower Global Leadership Award.Vanisha Mittal Bhatia (03), 26,was appointed as a member of theLNM Holdings Board of Directorsin June 2004. Mrs. Vanisha MittalBhatia was appointed to Mittal Steel’sBoard of Directors in December2004. She has a Bachelor of Artsdegree in Business Administrationfrom the European Business Schooland has completed corporate internshipsat Mittal Shipping, Mittal Steel HamburgGmbH and an Internet-based venturecapital fund. She is the daughter ofMr. Lakshmi N. Mittal.Narayanan Vaghul (04), 70, has 49years of experience in the financialsector and has been the Chairmanof Industrial Credit and InvestmentCorporation of India for 16 years andof ICICI Bank Ltd. for the last two years.Prior to that, he was Chairman of theBank of India and Executive Directorof the Central Bank of India. He waschosen as the Businessman of the Yearin 1992 by Business India, a leadingIndian publication, and has servedas a consultant to the World Bank,the International Finance Corporationand the Asian Development Bank.Mr. Vaghul was also a visiting Professorat the Stern Business School at New YorkUniversity. Mr. Vaghul is Chairman ofthe Indian Institute of Finance Management& Research and is also a Board memberof various other companies, including WiproLtd., Mahindra & Mahindra Ltd., NicholasPiramal India Ltd., Apollo Hospitals Ltd.and Himatsingka Seide Ltd.
Arcelor Mittal Activity Report 2006 2101 02 03 04 0506 07 08 09Wilbur L. Ross, Jr. (05), 69, was thefounder of ISG which merged withLNM to create Mittal Steel in 2004.Mr. Ross is the Chairman and ChiefExecutive Officer of WL Ross & Co LLC,a merchant banking firm, a positionhe has held since April 2000. Mr. Rossis also the Chairman and Chief ExecutiveOfficer of WLR Recovery Fund L.P.,WLR Recovery Fund II L.P., Asia RecoveryFund, Asia Recovery Fund Co-Investment,Nippon Investment Partners and AbsoluteRecovery Hedge Fund. Mr. Ross is alsothe general partner of WLR RecoveryFund L.P., WLR Recovery Fund II L.P.,Asia Recovery Fund and Absolute RecoveryHedge Fund. Mr. Ross is also Chairmanof Ohizumi Manufacturing companyin Japan, Chairman of International TextileGroup, International Coal Group and ofMarquis Who’s Who Inc., in the UnitedStates and Chairman of Insuratex Ltd.,in Bermuda. Mr. Ross is a Board memberof the Turnaround Management Association,Nikko Electric Co. in Japan, Tong YangLife Insurance Co. in Korea and of SymsCorp., Clarent Hospital Corp. and NewsCommunications Inc. in the United States.He is also Director of IAC AcquisitionCorporation Ltd. in the United Kingdom,Compagnie Européenne de WagonsSARL in Luxembourg, Oxford Automotivein Denmark and Safety ComponentsInternational in the United States.He is Director of the Japan Societyand of the Yale School of Management.Mr. Ross is also a member of the BusinessRoundtable. Previously, Mr. Ross servedas the Executive Managing Director atRothschild Inc., an investment bankingfirm, from October 1974 to March 2000.Mr. Ross was also Chairman of theSmithsonian Institution National Board.Lewis B. Kaden (06), 64, hasapproximately 38 years of experiencein corporate governance, dispute mediation,labour and employment law and economicpolicy. He is currently Vice Chairmanand Chief Administrative Officer of CitigroupInc. Prior to that, he was a partnerat the law firm of Davis Polk & Wardwell,and served as Counsel to the Governorof New Jersey, as a Professor of Lawat Columbia University and as Directorof Columbia’s Centre for Law and EconomicStudies. He has served as a Directorof Bethlehem Steel Corporation forten years and is currently Chairmanof the Board of Directors of the MarkleFoundation. He is a member of the Councilon Foreign Relations and the moderatorof the Business-Labor Dialogue.Mr. Kaden is a graduate of HarvardCollege and of Harvard Law School.He was the John Harvard Scholar atEmmanuel College, Cambridge Univeristy.François H. Pinault (07), 70, is thefounder and former President of theArtemis Group and PPR. The ArtemisGroup is a €25 billion global investmentholding company including 42% of thelisted company PPR. PPR includes retailbrands, such as FNAC, La Redoute,Le Printemps, Conforama and luxurybrands, such as Gucci Group, whichincludes Gucci, Bottega Veneta, YvesSaint Laurent, Boucheron and Balenciaga.Artemis also owns Chateau Latourvineyard in France and Christie’s auctionhouse. Mr. Pinault also owns insuranceand media businesses and holds minorityshares in the French group Bouygues.Mr. Pinault serves on the Board of Directorsfor Financière Pinault and Artemis.José Ramón Álvarez Rendueles (08),66, has extensive experience inthe financial, economic and industrialsectors. He was former Governorof the Bank of España and Presidentof the Bank Zaragozano. He is Presidentof the Board of Directors of ArcelorEspaña, Peugeot España and PirelliEspaña. He is professor of public financeat the Universidad Autónoma de Madrid,the President of the Prince of AsturiasFoundation and a Director of GestavisíonTelecinco S.A.Sergio Silva de Freitas (09), 63,has 40 years of experience in the financialsector. He is President of the Boardof Directors and of the Audit, Appointmentsand Remunerations Committees of ArcelorBrasil. After several years spent in highranking positions in important financialinstitutions in London and in Washington,he became Senior Vice President of BancoItaù and is now member of the InternationalAdvisory Board of Banco Itaù, Sao Paulo,Brazil. He has a Bachelor’s degree inElectrical Engineering from Escola Nacionalde Engenharia da Universidade Brasil.
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Financial Results21st February 2007
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NotesArcelor Mittal Activity Report
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