ArcelorMittal appoints interim CEO - CNBC Africa

ArcelorMittal appoints interim CEO

Southern Africa

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Hans Ludwig Rosenstock has been appointed as acting chief executive officer of ArcelorMittal. PHOTO: Moravskoslezsky

This was after Nonkululeko Nyembezi-Heita announced her intention to step down in December 2013.

“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,” the company had said.

“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.”

Rosenstock, who is currently the chief operating officer of [DATA ACL:ArcelorMittal] and was also appointed as vice president of ArcelorMittal group, will take over as acting CEO and executive director from 19 February 2014.

The company, which indicated that the process of appointing a new CEO was well underway, recently reported an increase in headline earnings to 199 million rand for the quarter ended 30 September 2013.