ArcelorMittal SA has appointed Kobus Verster as CEO and executive director from February 1, replacing Wim de Klerk, who is stepping down at the end of January. Verster was CEO of JSE-listed construction and engineering group Aveng from February 2014 until September 2017. He had previously served on the board of ArcelorMittal SA as chief financial officer and executive director from February 2006 until August 2010. Prior to his appointment as chief financial officer, Verster held various senior roles in financial management, including as GM of corporate finance and treasury from 1990, SA’s largest steel producer said on Monday. "In our search for a CEO, we placed a high premium on a candidate with knowledge of, and experience in, the steel industry," ArcelorMittal SA chairperson Mpho Makwana said. "In Kobus we believe we have found such a candidate, who will also provide much-needed continuity with our strategic turnaround programme." Lakshmi Mittal, ArcelorMittal group chairperson a...

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