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Executive Profile*
Lakshmi Niwas Mittal B.ComChairman, Chief Executive Officer, President, Managing Director of Operations and Member of Group Management Board, ArcelorMittal | |
| Age | Total Calculated Compensation | This person is connected to 94 board members in 23 different organizations across 23 different industries.
See Board Relationships |
| 62 | $3,711,000 As of Fiscal Year 2012 |
Background*
Mr. Lakshmi Niwas Mittal, B.Com, serves as the Chief Executive Officer, President and Member of Group Management Board of ArcelorMittal. Mr. Mittal has been Chairman and Managing Director of Operations at ArcelorMittal since May 13, 2008. He serves as the Chief Executive Officer of ISG Riverdale, Inc. He Founded JSC ArcelorMittal Temirtau (known as Mittal Steel Temirtau JSC) in 1976. He Founded Mittal Steel Company (formerly the LNM Group) in 1976. He serves as the Chief ... Executive Officer and President of the Board of Directors at Arcelormittal Steelton LLC, Isg Hennepin Inc., ISG Hibbing Inc., Incoal Company, Arcelormittal Georgetown Inc., ISG Railways Inc., ArcelorMittal Financial Services LLC and ArcelorMittal Lackawanna, LLC (also known as Isg Lackawanna Llc). He has been the Chairman and Managing Director of Operations at Arcelor Mittal of Arcelormittal Georgetown, Inc. since May 2008 and serves as its Chief Executive Officer, President and Member of Group Management Board. He is Owner of Karrick Limited. He serves as Member of Executive Board at Indian School of Business. He serves as the President of ArcelorMittal Annaba Spa. He serves as President of Ispat Inland ULC. He served as Chief Executive Officer of JSC ArcelorMittal Temirtau. He served as Managing Director of Operations at ArcelorMittal USA Inc. (Arcelor Mittal) since May 2008 and serves as its Chief Executive Officer. He served as Chief Executive Officer of Mittal Steel Co. He served as Chief Executive Officer of ArcelorMittal USA LLC. He served as the Chief Executive Officer of Mittal Steel Company NV (formerly, Ispat International N.V.), a parent company of Ispat Inland Inc. He has 35 years of experience in steel and related industries. He founded Ispat International and has been responsible for the strategic direction and development of the business. He served as Member of the Group Management Board of Arcelor SA. He served as the Chief Executive Officer of Arcelor SA since November 2006. He served as President of the Management Board of Arcelor SA. He serves as Chairman of Aperam and Mittal Steel Company NV (formerly Ispat International N.V.). He has been the Chairman at ArcelorMittal USA Inc. since May 2008. He serves as the Chairman of JSC ArcelorMittal Temirtau, Ispat Inland Holdings Inc., Ispat Inland Inc. and Arcellor Mittal Canada, Inc. He served as Chairman of ArcelorMittal Steel Holdings AG (also known as Mittal Steel Holdings A.G) and Mittal Steel Co. He served as Chairman and Director of Arcelor Mittal and LNM Holdings LNV. He served as the President of the Board of Directors of Arcelor SA. He has been a Non-Executive Director of Mittal Steel South Africa Ltd., (Formerly Iscor Ltd.), since January 2002. He has been an Independent Director of European Aeronautic Defence and Space Company EADS N.V (EADS) since October 1, 2007. Mr. Mittal serves as a Director of EADS CASA S.A., ArcelorMittal, ISG Hibbing Inc.,ISG Hibbing Inc., ONGC Mittal Energy Services Ltd., Incoal Company, ArcelorMittal Financial Services LLC, Artha Limited; ISG Columbus Coatings LLC, Mittal Steel Annaba, Mittal Steel Temirtau JSC, Caribbean Ispat Limited; Consorcio Minero Benito Juarez Pena Colorada S.A.; Dunmurray Company Unlimited; Galmatias Limited; Intercommercial Bank Limited; Irish Ispat Limited; Ispat Canada Inc.; Ispat Europe Group S.A.; Ispat Germany GmbH; Ispat Hamburger Stahlwerke GmbH; Ispat Inland Holdings Inc.; Ispat Inland S.A.; Ispat International Limited; Ispat Karmet Holdings B.V.; Ispat Karmet JSC; Ispat Mexicana S.A. de C.V.; Ispat Shipping Limited; Ispat Sidbec Inc.; Ispat Stahlwerk Ruhrort GmbH; Ispat Unimetal; Ispat US Holdings B.V.; Ispat (US) Holdings Inc.; Ispat US Investments B.V.; Kent Wire (Ispat) Limited; LNM Capital Limited; LNM Holdings N.V.; LNM Holdings S.L.; LNM International Ventures Limited; LNM Internet Ventures Limited; Lucre Limited; Metique. Inc; Metique.com Limited; Nestor Limited; Nuav Limited; ArcelorMittal Canada Inc., Penna Colarada S.A. De C.V.; PT Ispat Indo; Tecvest Corporation N.V.; Tommyfield Limited; Trefileurope GmbH; Walker Wire (Ispat) Inc.; 3019693 Nova Scotia ULC and 9064-4816 Quebec Inc. Mr. Mittal has been a Director of ArcelorMittal, and Mittal Steel Company NV since May 1997. He has been a Director of Aperam since December 2010. He has been Independent Director of The Goldman Sachs Group, Inc. since June 28, 2008. He serves as President and Member of the Board of Directors at ISG Riverdale, Inc. He sits on the Advisory Board of the Kellogg School of Management in the United States and is a member of the Board of Trustees of Cleveland Clinic. He served as a Director of ICICI Bank Ltd. from May 3, 2002 to May 3, 2010. He served as a Member of Supervisory Board at ArcelorMittal Ostrava a.s. (known as Mittal Steel Ostrava and Formerly known as NOVA HUT a.s.). He served as a Director of Arcelor Mittal since May 1997. He served as a Director of Arcelor SA. He served as a Non Executive Director of ArcelorMittal South Africa from January 2002 to November 29, 2006. He served as Director of ICICI Ltd. since April 1, 1999. He is a member of the Indian Prime Minister's Global Advisory Council, the Foreign Investment Council in Kazakhstan, the International Investment Council in South Africa, the Investors' Council to the Cabinet of Ministers of Ukraine, the World Economic Forum's International Business Council, the World Steel Association's Executive Committee and the Presidential International Advisory Board of Mozambique. In 1996, Mr. Mittal was awarded ‘Steelmaker of the Year’ by New Steel in the United States and the ‘Willy Korf Steel Vision Award’ by World Steel Dynamics in 1998 for outstanding vision, entrepreneurship, leadership and success in global steel development. He was named Fortune magazine’s ‘European Businessman of the Year 2004’. Mr. Mittal was awarded ‘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 for his outstanding business achievements. In January 2007, he was presented with a Fellowship from King’s College London, the college’s highest award. He also received the 2007 Dwight D Eisenhower Global Leadership Award, the Grand Cross of Civil Merit from Spain and was named AIST Steelmaker of the year. In January 2008, he was awarded the Padma Vibhushan, India’s second highest civilian honor, by the President of India. In September 2008, Mr. Mittal was chosen for the third ‘Forbes Lifetime Achievement Award’, which honors heroes of entrepreneurial capitalism and free enterprise. He was named Steel Maker of the Year in 1996 by New Steel, a leading industry publication. He graduated from St. Xavier's College in Calcutta where he received a Bachelor of Commerce degree.
Corporate Headquarters*
19, Avenue de la Liberté Luxembourg, -- 2390
Luxembourg
Phone: 352 47 921 Fax: 352 4792 2675
Board Members Memberships*
Chairman, Chairman of the Board of Ispat International N V, Chief Executive Officer of Ispat International N V, President of Ispat Inland ULC and Director of Ispat International N V President of the Board of Directors and Chief Executive Officer Chairman Chairman and Member of the Group Management Board Chairman of the Board Former President of the Board of Directors, President of the Management Board, Chief Executive Officer and President of the Board of Directors of Arcelor Mittal Director Chairman of the Board of Ispat Inland Inc., Chairman of the Board of Ispat International NV, Chief Executive Officer of Ispat International NV, President of Ispat Inland Ulc, President of Ispat Inland Ulc, Director of Ispat Inland Inc. and Director of Ispat International NV President, Directors and Chief Executive Officer of Arcelor Mittal President of the Board of Directors and Chief Executive Officer Founder and Chairman Director President of the Board of Directors and Chief Executive Officer President of Board of Directors and Chief Executive Officer President of the Board of Directors and Chief Executive Officer President of the Board of Directors and Chief Executive Officer President of the Board of Directors and Chief Executive Officer 1997-Present Chairman, Chief Executive Officer, President, Managing Director of Operations and Member of Group Management Board 2002-2010 Former Director 2002-2006 Former Non-executive Director 2007-Present Independent Director and Member of Remuneration & Nomination Committee 2008-Present Independent Director, Member of Audit Committee, Member of Compensation Committee, Member of Risk Committee and Member of Corporate Governance, Nominating & Public Responsibilities Committee 2010-Present Chairman
Education*
Bachelor's Degree St Xaviers College, Calcutta University
Other Affiliations*
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Annual Compensation*
| Salary | $1,770,000 | | Bonus | $1,941,000 | | Total Annual Compensation | $3,711,000 |
Stock Options*
| Total Number of Options | 436,500 |
Total Compensation*
| Total Annual Cash Compensation | $3,711,000 | | Total Short Term Compensation | $3,711,000 | | Total Calculated Compensation | $3,711,000 |
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*Data is at least as current as the most recent Definitive Proxy.