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ARCELORMITTAL SOUTH AFRICA LIMITED - Appointment of acting CEO and acting CFO

Release Date: 04/02/2016 12:30
Code(s): ACL     PDF:  
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Appointment of acting CEO and acting CFO

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 “Company”)


APPOINTMENT OF ACTING CHIEF EXECUTIVE OFFICER AND ACTING CHIEF
FINANCIAL OFFICER


Following the resignation of Mr Paul O’Flaherty as Chief
Executive Officer (“CEO”) and executive director of the
ArcelorMittal South Africa Company with effect from 12 February
2016, the recruitment process for a new Chief Executive Officer
(“CEO”) is well advanced.


In compliance with paragraph 3.59(c) of the Listings Requirements
of the JSE Limited, Shareholders are advised that Mr Dean
Subramanian, currently Chief Financial Officer (CFO) of
ArcelorMittal South Africa has been appointed as Acting CEO until
the new CEO is appointed and takes office.


Mr Gerhard Van Zyl, currently a senior manager in the Finance
function, who acted as CFO prior to the appointment of Mr
Subramanian as CFO, will act as CFO until Mr Subramanian resumes
his position as CFO.


Both Mr Subramanian and Mr Van Zyl are well qualified and have
the necessary experience and understanding of the steel industry
and the Company to fulfill these roles effectively.


Both appointments are effective from 13 February 2016.




By order of the Board
4 February 2016


Sponsor to ArcelorMittal South Africa Limited
J.P. Morgan Equities South Africa Pty Ltd

For further information please contact:
Themba Nkosi
General   Manager:  Human   Resources,  Transformation   and
Corporate Communications
Tel: (016) 889 2996

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