Management Report - Beursgorilla

ArcelorMittal Annual Report 200918 Board of DirectorsNarayanan Vaghul Wilbur L. Ross, Jr François Pinault José Ramón Álvarez Rendueles• Co-ordination of activitiesof the other Independent Directors;• Liaison between the Chairmanand the other Independent Directors;• Calling meetings of the IndependentDirectors when necessary andappropriate; and• Such other duties as are assignedfrom time to time by the Boardof Directors.Vanisha Mittal Bhatia, 29, was appointedas a member of the LNM Holdings Boardof Directors in June 2004. Mrs. VanishaMittal Bhatia was appointed to MittalSteel’s Board of Directors in December2004. She has a Bachelor of Arts degreein Business Administration from theEuropean Business School and hascompleted corporate internships atMittal Shipping Ltd., Mittal Steel HamburgGmbH and an Internet-based venturecapital fund. She is the daughter ofMr. Lakshmi N. Mittal.Narayanan Vaghul, 73, has over 50 yearsof experience in the financial sector.He was the Chairman of ICICI Bank Limitedbetween 2002 and April 2009. Previously,he served as the Chairman of the IndustrialCredit and Investment Corporation of India,a long-term credit development bankfor 17 years and, prior to that, servedas Chairman of the Bank of India andExecutive Director of the Central Bankof India. He was chosen as Businessmanof the Year in 1992 by Business India andhas served as a consultant to the WorldBank, the International Finance Corporationand the Asian Development Bank. Mr. Vaghulwas also a visiting Professor at the SternBusiness School at New York University.Mr. Vaghul is Chairman of the Indian Instituteof Finance Management & Research andis also a Board member of various othercompanies, including Wipro, Mahindra &Mahindra, Nicholas Piramal India, ApolloHospitals and Himatsingka Seide. NarayananVaghul was awarded the Padma Bhushan,the third highest civilian honor in India.The award will be formally conferred inApril 2010 by the President of India.Wilbur L. Ross, Jr., 72, has served asthe Chairman of the ISG Board of Directorssince ISG’s inception. Mr. Ross is theChairman and Chief Executive Officerof WL Ross & Co. LLC, a merchant bankingfirm, a position that he has held sinceApril 2000. Mr. Ross is also the Chairmanand Chief Executive Officer of WLRRecovery Fund L.P., WLR Recovery Fund IIL.P., Asia Recovery Fund, Asia RecoveryFund Co-Investment, Nippon InvestmentPartners and Absolute Recovery HedgeFund. Mr. Ross is also Chairman of InvescoPrivate Capital, Ohizumi ManufacturingCompany in Japan, International TextileGroup, International Coal Group and ofAmerican Home Mortgage Servicing Inc.Mr. Ross is a Board member of theTurnaround Management Association,Nikko Electric in Japan, Clarent HospitalCorp. and International AutomotiveComponents. He also serves as a Directorto Compagnie Européenne de Wagons SARL(Luxembourg), Wagon PLC (UK), the JapanSociety, the Whitney Museum of AmericanArt and the Yale School of Management.Previously, Mr. Ross served as theExecutive Managing Director at Rothschild,the investment banking firm, from October1974 to March 2000 and as Chairman ofthe Smithsonian Institution National Board.François Pinault, 73, set up his first companyin 1963, in the timber business.In 1988, the Pinault Group was listed on theParis stock exchange. Renamed PPR, thecompany founded by François Pinaultis today led by his son François Henri Pinault,has two major activities:• Retail business with CFAO, a leadingdistributor of household goods,La Redoute, a leader in mail order trading,La FNAC, a leading retailer of culturalproducts in Europe, and Puma, a leader insports products;• Luxury goods business with Gucci Group,the second biggest luxury group in theworld with famous brands suchas Gucci, Yves Saint-Laurent, BottegaVeneta, Sergio Rossi, Boucheron,Stella McCartney, Alexander McQueen,Bedat & Co and Balenciaga.