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ACL - ArcelorMittal South Africa Limited - Resignation and appointment

Release Date: 26/10/2011 16:17
Code(s): ACL
Wrap Text

ACL - ArcelorMittal South Africa Limited - Resignation and appointment of chief operating officer ArcelorMittal South Africa Limited (Incorporated in the Republic of South Africa) Registration number: 1989/002164/06 Share code: ACL & ISIN: ZAE000134961 ("ArcelorMittal South Africa" or "the company") RESIGNATION AND APPOINTMENT OF CHIEF OPERATING OFFICER Shareholders are advised that Mr Johan Fourie has tendered his resignation as Chief Operating Officer ("COO") with effect from 31 December 2011. Johan is a 31-year veteran of ArcelorMittal South Africa having joined the company in Newcastle in 1980 after completing his engineering studies through the company`s (then Iscor) bursary scheme. His career progressed through various line positions at the Newcastle and Vanderbijlpark Works. In April 2002, he was appointed General Manager of Saldanha Works, a position he held until September 2006 when he was promoted to the position of COO responsible for all plant operations. The board of directors ("the board") is pleased to announce the appointment of Dr Hans-Ludwig Rosenstock as the new COO with effect from 1 January 2012. Hans-Ludwig held various successive COO roles at ArcelorMittal, (then Mittal Steel) Ruhrort and Hochfeld, ArcelorMittal Galati, ArcelorMittal Rodange & Schifflange and later CEO of ArcelorMittal Duisburg. Since 2010 he held the position of COO and Vice Chairman of the board at ArcelorMittal Ostrava. Hans-Ludwig holds a Master`s Degree in Physical Engineering (Dipl.- Ing.) from the Technische Universitaet Clausthal, Germany and a PhD (Dr.-Ing.) from Rheinisch Westfaelische Technische Hochnische Hochschule Aachen, Germany. The board thanks Johan for his commitment and valued contribution to the company and wishes him well for the future. Vanderbijlpark 26 October 2011 Sponsor Deutsche Securities (SA) (Proprietary) Limited For further information please contact: Themba Hlengani - Manager: Corporate Communications Tel: (016) 889 2425 or 083 440 0158 Date: 26/10/2011 16:17:19 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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