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ArcelorMittal appoints Scotting mining chief

Keywords: Tags  ArcelorMittal, Bill Scotting, Peter Kukielski, Marc Vereecke, mining division, Lakshmi Mittal, Daisy Tseng

SINGAPORE — ArcelorMittal SA has appointed Bill Scotting as chief executive officer of its mining business. He replaces Peter Kukielski, who has resigned.

Kukielski will leave the company Aug. 3 to "take up a new opportunity," ArcelorMittal said June 14. He has been chief executive of ArcelorMittal Mining since December 2008.

Scotting—currently executive vice president, member of the management committee and head of strategy—will focus on completing the company’s growth plans to reach iron ore capacity of 84 million tonnes by 2015, he said in a statement.

He joined Mittal Steel Co. in 2002 to lead its performance enhancement activities and was co-leader of the integration office following the merger of Arcelor SA and Mittal Steel. He will report to Lakshmi Mittal, the Luxembourg-based steelmaker’s chief executive officer and chairman.

Separately, the company has named Marc Vereecke as chief operating officer of its ACIS segment, reporting to Gonzalo Urquijo.

Vereecke is currently a member of the management committee and chief technology officer. He joined the company in 1984.

The world’s biggest steelmaker posted underlying earnings before interest, tax, depreciation and amortization (Ebitda) of $1.57 billion for the first quarter of this year, up 0.5 percent from the final quarter of 2012 but 26 percent lower year on year. The mining division accounts for more than a quarter of the company’s Ebitda.

A version of this article was first published by AMM sister publication Steel First.

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