ArcelorMittal S.Africa CEO to step down in Feb - CNBC Africa

ArcelorMittal S.Africa CEO to step down in Feb

Southern Africa

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Nonkululeko Nyembezi-Heita, CEO, ArcelorMittal SA.

“After six years at the helm, 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 18 February 2014,” said ArcelorMittal South Africa.

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 Mpho Makwana thanked Nyembezi-Heita for her tremendous contribution to the company during an exceptionally challenging period not only for the company, but the steel industry generally.

Makwana wished her success in the next chapter of her career and commented that the company is in a considerably better position than when 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".

Makwana said the Board will embark on a search for Nyembezi-Heita’s successor and an announcement on the transitional period will be made in due course.