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Resignation of Chief Executive Officer: Ms Nonkululeko Nyembezi-Heita
ArcelorMittal South Africa Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1989/002164/06)
Share code: ACL
ISIN: ZAE000134961
(“the Company")
Resignation of Chief Executive Officer: Ms Nonkululeko Nyembezi-
Heita
After six years at the helm, Ms Nonkululeko Nyembezi-Heita
informed the Board of ArcelorMittal South Africa of her intention
to step down as Chief Executive Officer and executive director
with effect from Tuesday 18 February 2014.
Ms Nyembezi-Heita said: “Although challenging, over the last six
years as a management team, we have achieved significant advances
in a number of areas. Our safety performance is now world-class
and we have also taken huge strides towards meeting our
environmental obligations. There is steady progress in our
operational improvement programmes with pleasing results in
places. As the market turns, we can expect a marked improvement
in our financial performance, aided in no small measure by the
recent settlement with Kumba.”
On behalf of the Board, the Chairman Mr Mpho Makwana thanked Ms
Nyembezi-Heita for her tremendous contribution to the Company
during an exceptionally challenging period not only for the
Company, but the steel industry generally. Mr Makwana wished her
success in the next chapter of her career and commented that the
Company is in a considerably better position than when Ms
Nyembezi-Heita joined the group six years ago, stating: “On behalf of
the Board of ArcelorMittal South Africa and the ArcelorMittal Group, we
express our thanks for her unstinting dedication, guidance as well as
her calm and determined leadership".
Mr Makwana said the Board will embark on a search for Ms
Nyembezi-Heita’s successor and an announcement on the
transitional period will be made in due course.
9 December 2013
Sponsor to ArcelorMittal South Africa Limited
J.P. Morgan Equities South Africa Pty Ltd
For further information please contact:
Themba Hlengani
Manager: Corporate Communications
Tel: (016) 889 2425 or 083 440 0158
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