Aditya: Leading ArcelorMittal As CEO
Portfolio - People | Nov 11, 2024 | EIN
Aditya Mittal, a second-generation businessman and son of Indian billionaire Lakshmi Mittal, is the CEO of ArcelorMittal, the world's largest steel and mining company. With a firm educational background in economics from the Wharton School and extensive experience within the family business, Aditya has played pivotal roles since joining ArcelorMittal in 1997. He transitioned into his current leadership role in February 2021, following a successful tenure as President and CFO. ArcelorMittal, headquartered in Luxembourg, engages in a joint venture in India with Nippon Steel, encompassing a significant steel plant operation in Gujarat. The collaboration, recognized as ArcelorMittal Nippon Steel India, began with the acquisition of Essar Steel in 2019. The firm continues to expand its presence across the global steel and mining industries. Aditya is recognized for his adeptness in leading M&As and managing substantial segments of the company's operations, underlining the strategic importance of Vertical and Horizontal integrations at ArcelorMittal.
Sectors
- Steel and Mining
- Mergers and Acquisitions
Geography
- Luxembourg – ArcelorMittal is headquartered in Luxembourg, marking its central role in the company's operations and leadership structure.
- India – The joint venture with Nippon Steel, including operations in Gujarat, indicates ArcelorMittal’s operational influence and investment interests in India.
Industry
- Steel and Mining – ArcelorMittal is the world's leading integrated steel and mining company, playing a pivotal role in the steel production and mining industries globally.
- Mergers and Acquisitions – The article highlights Aditya Mittal's role in M&As, particularly focusing on significant transactions such as the acquisition of Essar Steel within the steel industry.
Financials
- 185985 crore – This figure represents the size or valuation of ArcelorMittal as referenced within the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Aditya Mittal | CEO | Person | Aditya Mittal is the CEO of ArcelorMittal, serving in this role since February 2021, and is known for his significant contributions to the company's strategic M&A moves. |
| Lakshmi Mittal | Executive Chairman | Person | Lakshmi Mittal is the Executive Chairman of ArcelorMittal and one of India's wealthiest individuals, playing an integral role in the company's strategic direction. |
| ArcelorMittal | Steel Manufacturer | Company | A Luxembourg-based company, ArcelorMittal is the largest steel and mining company globally, engaged in steel production and mining operations worldwide. |
| Nippon Steel | Joint Venture Partner | Company | Nippon Steel is a Japanese company partnering with ArcelorMittal in India for the operation and management of a significant steel plant. |
| Essar Steel Limited | Acquired Company | Company | An Indian steel company whose operations were acquired by ArcelorMittal and Nippon Steel, later named ArcelorMittal Nippon Steel India. |