STEEL PRODUCTION
ArcelorMittal SA CEO Wim de Klerk to retire as sector struggles
ArcelorMittal SA CEO Wim de Klerk is retiring from the group at the end of January 2018 after less than 18 months at the helm. He joined the steel producer in September 2016. The struggling company has churned CEs in recent years as it struggles to adapt to structural changes in the global steel markets and government policy decisions at home. De Klerk told Business Day on Tuesday he had for some time indicated to the board that he wanted to retire. “This has been a personal decision to make a complete lifestyle change, for myself and my family,” he said. “I have given an adequate notice period — three months — which will provide sufficient time to position my successor and ensure a seamless hand-over. Also, there are some very strong technical people in the senior management team who will continue to support the new CEO,” De Klerk said. The board says it will immediately implement a process to identify a suitable successor. “On behalf of the board, we would like to thank Wim for hi...
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