ARCELORMITTAL CHANGES STRUCTURE IN AMERICAS

ArcelorMittal announces that Lou Schorsch, 66, senior executive vice president, member of the Group Management Board and CEO of ArcelorMittal Americas will retire from the company, effective end of February 2016. Mr Schorsch joined the company in 2003 as CEO of Ispat Inland.

Going forward it has been decided to structure the Americas business with dedicated leadership for four distinct business areas.

Jim Baske will be chief executive of ArcelorMittal Nafta Flat Rolled, with responsibility for all other operations in Nafta, excluding USA but including AM/NS Calvert. John Brett, currently executive vice president finance, planning and procurement for ArcelorMittal USA, will be appointed chief executive of ArcelorMittal USA effective 1st January 2016. Andy Harshaw, the current CEO of ArcelorMittal USA, is retiring but will stay with the company until 31st March 2016 to assist with the leadership transition.

In South America, Jefferson de Paula and Benjamin Baptista will continue as CEO South America Long and CEO South America Flat respectively.