Lakshmi N. Mittal – 62, is the chairman and CEO of ArcelorMittal. Mr Mittal started his career in steel in 1976 by founding Ispat Indo, a company that is still held privately by the Mittal family. He founded Mittal Steel Company (formerly the LNM Group) in 1989 and guided its strategic development, culminating in the merger in 2006 with Arcelor, to form the world’s largest steelmaker.
He is widely recognised for the leading role he has played in restructuring the steel industry towards a more consolidated and globalised model. Mr Mittal is an active philanthropist and a member of various boards and trusts, including the boards of Goldman Sachs and European Aeronautic Defence & Space Company (EADS) N.V.
He is a member of the Indian Prime Minister’s Global Advisory Council, the Foreign Investment Council in Kazakhstan, the Ukrainian President’s Domestic and Foreign Investors Advisory Council, the World Economic Forum’s International Business Council, the World Steel Association’s Executive Committee and the Presidential International Advisory Board of Mozambique. He also sits on the Advisory Board of the Kellogg School of Management and on the Board of Trustees of Cleveland Clinic in the United States.
Mr Mittal began his career working in his family’s steelmaking business in India, and has more than 35 years of experience working in steel and related industries. In addition to spearheading the steel industry’s consolidation, he championed the development of integrated mini-mills and the use of Direct Reduced Iron (DRI) as a scrap substitute for steelmaking.
Following the merger of Ispat International and LNM Holdings to form Mittal Steel in December 2004, with the simultaneous acquisition of International Steel Group, he led the formation of the world’s then-leading steel producer. In 2006 he merged Mittal Steel and Arcelor to form ArcelorMittal. Mr Mittal then led a successful integration of two large entities to firmly establish ArcelorMittal as one of the foremost industrial companies in the world.
The company continues to be the largest and most global steel manufacturer. More recently, Mr Mittal has been leading ArcelorMittal’s expansion of its mining business through significant brownfield and greenfield growth. In 1996, Mr Mittal was awarded Steelmaker of the Year by New Steel in the United States and in 1998 the Willy Korf Steel Vision Award by World Steel Dynamics 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, Mr Mittal was presented with a Fellowship from King’s College London, the college’s highest award. He also received in 2007 the 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, Mr Mittal was awarded the Padma Vibhushan, India’s second highest civilian honour, by the President of India. In September 2008, Mr Mittal was chosen for the third Forbes Lifetime Achievement Award, which honours heroes of entrepreneurial capitalism and free enterprise. In October 2010 he was awarded World Steel Association’s medal in recognition of his services to the Association as its chairman and also for his contribution to the sustainable development of the global steel industry.
Mr Mittal was born in Sadulpur in Rajasthan, India on June 15, 1950. He graduated from St. Xavier’s College in Kolkata, India where he received a Bachelor of Commerce degree. Mr Mittal is married to Usha Mittal. They have a son, Aditya Mittal, and a daughter, Vanisha Mittal Bhatia. Mr Mittal is a citizen of India.
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