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Changes to Executive Management
ArcelorMittal South Africa Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1989/002164/06)
Share code: ACL
ISIN: ZAE000134961
(“the Company")
CHANGES TO EXECUTIVE MANAGEMENT
The Board of Directors of ArcelorMittal South Africa (“the
Board”) hereby notifies its shareholders of changes to its
executive management team with effect from 2 January 2013.
In order to strengthen the company's capabilities, the Board has
appointed Matthias Wellhausen as Chief Financial Officer while
freeing Rudolph Torlage to focus on projects of a strategic
nature.
Mr Wellhausen is currently the Vice President of Finance and
Controlling and Chief Financial Officer of ArcelorMittal Group
for the segment of Asia, Africa and CIS. He started his career at
IBM where he moved through various financial management positions
to Director of Treasury Operations Northern Europe. In 1996, he
joined the steel industry and held the CFO position at Eko Stahl
for 7 years during ts successful transformation. After the creation
of Arcelor, he led the integration office until 2006.
His considerable experience in developing teams, integrating
units and successfully driving and achieving targeted results,
will be highly beneficial to the Company during the next three
years.
In compliance with the Listings Requirements of the JSE Limited,
Mr Wellhausen will be appointed to the Board as an Executive
Director to perform the role of Chief Financial Officer. Mr
Torlage will retire as Executive Director on the same date.
Mr Torlage will continue to report to the Chief Executive Officer
as General Manager: Strategic Projects. In this role, he will
continue to drive the arbitration process to resolve the impasse
over the Sishen iron ore supply contract together with a number
of other key projects for the group.
The Board takes this opportunity to welcome Mr Wellhausen to the
Board and to thank Mr Torlage for his valuable contribution as
CFO over the past two years.
20 November 2012
Sponsor to ArcelorMittal South Africa Limited
Deutsche Securities (SA) (Proprietary) Limited
For further information please contact:
Themba Hlengani
Manager: Corporate Communications
Tel: (016) 889 2425 or 083 440 0158
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