Lakshmi Mittal

Lakshmi Mittal General Information

Description

Mr. Lakshmi Mittal serves as Chairman and Chief Executive Officer at ArcelorMittal. He Co-Founded B4U Network Europe. He also serves as Board Member & Member of Compensation, Governance & Public Responsibilities Committee at The Goldman Sachs Group. Mr Mittal founded Mittal Steel Company (formerly the LNM Group) in 1976. He is a member of the Foreign Investment Council in Kazakhstan, the Global CEO Council of the Chinese People's Association for Friendship with Foreign Countries, the World Economic Forum's International Business Council, the World Steel Association's Executive Committee and the European Round Table of Industrialists. He is a member of the board of trustees of Cleveland Clinic and a member of the advisory Council of Harvard University. A graduate of St Xavier's college in India, Lakshmi Mittal began his career working in the family's steelmaking business in India, and has more than 35 years' experience working in the steel and related industries. In addition to forcing the pace of consolidation in the steel industry, he has also championed the development of integrated mini-mills and the use of direct-reduce iron as a scrap substitute for steelmaking. Following the transaction combining Ispat International and LNM Holdings to form Mittal Steel in December 2004, together with the simultaneous announcement of the acquisition of International Steel Group in the United States, he led the formation of the world's then-leading steel producer. In 2006, under his leadership, Mittal Steel merged with Arcelor to form ArcelorMittal. Among his many awards and honours, he was named "Business Person of 2006" by The Sunday Times, "International Newsmaker of the Year 2006" by Time magazine and "Person of the Year 2006" by the Financial Times. In 2008, he received the Padma Vibhushan, India's second highest civilian honour, and a Forbes Lifetime Achievement Award. He has also been awarded with a fellowship from King's College London and a Doctor Honoris Causa by the AGH University of Science and Technology in Krakow, Poland. He is also an Angel Investor.