Lakshmi Mittal - ArcelorMittal Chairman

MTS Stock  EUR 23.97  0.05  0.21%   

Chairman

Mr. Lakshmi Narayan Mittal was Chairman of the Board, Chief Executive Officer and Member of the Executive Board of ArcelorMittal S.A. since January 1, 2016. Prior to that, he was Chairman of the Board, Chief Executive Officer, Member of the Group Management Board and Member of the Management Committee of ArcelorMittal S.A. from May 13, 2008. He founded Mittal Steel Company in 1989. He has also been member of various boards and trusts, including chairman of the board of Aperam and the boards of Goldman Sachs and Airbus N.V . He was Member of the Foreign Investment Council in Kazakhstan, the World Economic Forums International Business Council and the World Steel Associations Executive Committee. He also sits on the Board of Trustees of Cleveland Clinic in the United States since 2021.
Age 69
Tenure 3 years
Phone352 47 921
Webhttps://corporate.arcelormittal.com
Mittal began his career working in his family steelmaking business in India, and has over 35 years of experience working in steel and related industries. He graduated from St. Xavier’s College in Kolkata, India where he received a Bachelor of Commerce degree.

ArcelorMittal Management Efficiency

The company has return on total asset (ROA) of 0.0782 % which means that it generated a profit of $0.0782 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1784 %, meaning that it generated $0.1784 on every $100 dollars invested by stockholders. ArcelorMittal's management efficiency ratios could be used to measure how well ArcelorMittal manages its routine affairs as well as how well it operates its assets and liabilities.
ArcelorMittal SA has accumulated 9.07 B in total debt with debt to equity ratio (D/E) of 0.2, which may suggest the company is not taking enough advantage from borrowing. ArcelorMittal SA has a current ratio of 1.25, suggesting that it may not be capable to disburse its financial obligations in time and when they become due. Debt can assist ArcelorMittal until it has trouble settling it off, either with new capital or with free cash flow. So, ArcelorMittal's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like ArcelorMittal SA sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for ArcelorMittal to invest in growth at high rates of return. When we think about ArcelorMittal's use of debt, we should always consider it together with cash and equity.

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ArcelorMittal, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia, and Africa. The company was founded in 1976 and is headquartered in Luxembourg City, Luxembourg. ARCELORMITTAL operates under Steel classification in Spain and is traded on Madrid SE C.A.T.S.. It employs 168000 people. ArcelorMittal SA (MTS) is traded on Madrid Exchange in Spain and employs 63 people.

Management Performance

ArcelorMittal SA Leadership Team

Elected by the shareholders, the ArcelorMittal's board of directors comprises two types of representatives: ArcelorMittal inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ArcelorMittal. The board's role is to monitor ArcelorMittal's management team and ensure that shareholders' interests are well served. ArcelorMittal's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, ArcelorMittal's outside directors are responsible for providing unbiased perspectives on the board's policies.
John Brett, Vice President, Member of the Management Committee, Chief Executive Officer ArcelorMittal USA
Aditya Mittal, President, Group Chief Financial Officer, Member of the Executive Board, Member of the Management Committee, Chief Executive Officer ArcelorMittal Europe
Bruno Lafont, Lead Independent Director
Tye Burt, Non-Executive Independent Director
Augustine Kochuparampil, Vice President, Member of the Management Committee, Chief Executive Officer ArcelorMittal Europe – Long Products
Jose Arias, Vice President Member of the Management Committee, CEO ArcelorMittal Europe, Flat Products business division South West
Sanjay Samaddar, Vice President, Member of the Management Committee, ArcelorMittal Europe Head of HR & IS/IT, Country Head Poland, Head of Shared Service Centre
Genuino Christino, Vice President Group Head of Finance, Member of the Management Committee
Stephanie WernerDietz, Ex HR
Geert Poelvoorde, Executive Vice President, Member of the Executive Board, Member of the Management Committee, Chief Executive Officer ArcelorMittal Europe Flat
Benjamin Filho, Vice President, Member of the Management Committee, Chief Executive Officer Flat Carbon South America
Vijay Goyal, Vice President, Member of the Management Committee, Chief Executive Officer ArcelorMittal CIS (ArcelorMittal Kryvyi Rih, Ukraine and ArcelorMittal Temirtau, Kazakhstan)
Brad Davey, Vice President, Member of the Management Committee, Chief Executive Officer ArcelorMittal North America
Michel Wurth, Responsible for Long Carbon Worldwide, Member of the Group Management Board and Management Committee
David Clarke, Vice President, Member of the Management Committee, Head of Strategy and Chief Technology Officer
Henk Scheffer, Secretary to the Company and Board of Directors
Gregory Ludkovsky, Vice President of Global Research and Development, Member of the Management Committee
Simon Wandke, Executive Vice President, Member of the Executive Board, Member of the Management Committee, Chief Executive Officer ArcelorMittal Mining
Karel Gucht, Non-Executive Independent Director
Lakshmi BCom, Ex Chairman
Vanisha Bhatia, Non-Executive Non-Independent Director
Hendrik Verster, Vice President, Member of the Management Committee, Chief Executive Officer of ArcelorMittal South Africa Limited
Karyn Ovelmen, Non-Executive Independent Director
Daniel Fairclough, Vice President, Member of the Management Committee, Corporate Finance and Head of Investor Relations
Nicola Davidson, VP Responsibility
Brian Aranha, Vice President Chief Marketing Officer, Head of Global Automotive and Flat Carbon Americas Commercial Coordination, Member of the Management Committee
Jeannot Krecke, Non-Executive Non-Independent Director
Victor Cairo, Vice President, Member of the Management Committee, Chief Executive Officer ArcelorMittal Mexico
Suzanne Nimocks, Non-Executive Independent Director
Wim Gerven, Vice President, Member of the Management Committee, Chief Executive Officer ArcelorMittal Europe – Flat Products, business division north
Sean Donnelly, Vice President, Member of the Management Committee, Chief Executive Officer ArcelorMittal Dofasco
Yves Koeberle, Vice President Member of the Management Committee, Head of ArcelorMittal Sourcing, Shipping and European Procurement Organization
Jefferson Paula, Executive Vice President, Member of the Executive Board, Member of the Management Committee, Chief Executive Officer ArcelorMittal South America Long
Bart Wille, Executive Vice President Head of Human Resources, Member of the Management Committee, Member of the Executive Board
Lakshmi Mittal, Chairman of the Board, Chief Executive Officer, Member of the Management Committee, Member of the Executive Board

ArcelorMittal Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is ArcelorMittal a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Other Information on Investing in ArcelorMittal Stock

ArcelorMittal financial ratios help investors to determine whether ArcelorMittal Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in ArcelorMittal with respect to the benefits of owning ArcelorMittal security.