ArcelorMittal to have new leader for India

Bhatnagar will take up the new position of Country CEO, India and will have ultimate responsibility for the company's operations and projects in the country, a statement from ArcelorMittal said.    

It added that Sanak Mishra will continue to be the CEO for the company's greenfield steel projects in Jharkhand and Orissa, and will report to Bhatnagar.    

M P Singh, vice president for the company's mining initiatives globally, will continue to lead ArcelorMittal's mining projects in India as CEO Mining Projects (India).    

The senior leadership team for India will operate in close supervision of Pierre Gugliermina, Christophe Cornier and Sudhir Maheshwari, besides rest of the general management board of ArcelorMittal.    

Commenting on the new leadership for India, Aditya Mittal, member of the Group Management Board and Chief Financial Officer, ArcelorMittal, said, "India is a very important country for ArcelorMittal. We are committed to investing large sums in the country over the next decade and it is important that we have the right team to lead these positions".    

Exuding confidence in the new team, Mittal said, "This team has excellent knowledge and leadership and I am sure will prove a strong combination for enabling us to deliver on our commitments to the country".    

Steel behemoth ArcelorMittal has proposed setting up integrated steel plants of 12 million tonnes annual capacity each in Orissa and Jharkhand. The investment in each of the two projects would be approximately Rs 40,000 crore.