Management Report - Beursgorilla

ArcelorMittal Annual Report 200916 Board of DirectorsBoard of DirectorsArcelorMittal continues to place a strong emphasison corporate governance. ArcelorMittal has eight independentdirectors on its 11-member Board of Directors. ArcelorMittal’sAudit Committee and Appointments, Remunerationand Corporate Governance Committee are each comprisedof three independent directors and half of the membersof ArcelorMittal’s Risk Management Committee are requiredto be independent.On May 12, 2009, the expirations of the mandates of Sergio Silvade Freitas, Michel Angel Marti and Jean-Pierre Hansen wereaccepted by the annual general meeting. Narayanan Vaghul,Wilbur L. Ross and François Pinault were re-elected as membersof the Board of Directors. After the annual general meetingheld on May 12, 2009, Ignacio Fernandez Toxo resigned fromthe Board of Directors. On September 1, 2009, Malay Mukherjeeresigned from the Board of Directors.Georges Schmit resigned from the Board of Directorseffective December 31, 2009. In replacement of Mr. Schmit,the Board appointed Jeannot Krecké as an interim boardmember starting January 1, 2010. Mr. Krecké’s full appointmentto the Board of Directors will be proposed to the shareholdersat the Company’s annual general meeting on May 11, 2010.Like Mr. Schmit, Mr. Krecké will serve on ArcelorMittal’s Boardof Directors as a shareholder representative.