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Election of members of Board of Directors
05 May 2015
Narayanan Vaghul
Narayanan Vaghul, 78, is a non–executive and independent Director of
ArcelorMittal. He has more than 50 years of experience in the financial
sector. He was the chairman of ICICI Bank Limited between 2002 and April
2009. Previously, he served as the chairman of the Industrial Credit and
Investment Corporation of India group, a long-term credit development
bank for 17 years. Prior to that, he has been chairman of the Bank of India
and executive director of the Central Bank of India.
Mr Vaghul has been a visiting professor at the Stern Business School at
New York University and has served as a consultant to the World Bank, the
International Finance Corporation and the Asian Development Bank. He is
currently chairman of the Indian Institute of Finance Management and
Research and is also a board member of various other companies,
including Wipro, Piramal Healthcare Limited and Apollo Hospitals.
Narayanan Vaghul was chosen as ‘Businessman of the Year’ in 1992 by
Business India. In 2010, he was awarded the Indian Padma Bhushan – the
third highest civilian honour in the country - in the trade and industry
category.
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Wilbur Ross
Wilbur Ross, 77, is a non-executive and independent Director of Arcelor
Mittal.
He is also the Chairman of WL Ross Holding Corporation which is listed on
NASDAQ. He is Vice Chairman of the Bank of Cyprus which is listed on
the Cyprus and Athens Stock Exchanges and is a Director of Sun Bancorp
(an “Over the Counter” - OTC entity), and of Exco, which is listed on the
New York Stock Exchange. As such, he is in compliance with
ArcelorMittal’s policy, which limits the number of directorships directors
may hold in order to align the Company’s corporate governance practices
with best practices in this area. Namely, no more than 5 non-executive
directorships in listed companies.
Mr. Ross has a number of non-profit affiliations. He is on the Board of the
Yale School of Management and the Harvard Business School Dean's
Advisory Board. Mr. Ross is Chairman of the Japan Society and of the
Economic Studies Council of the Brookings Institution, of which he is also
a Trustee. He is the President of the American Friends of the Magritte
Museum and a member of the International Council of the Musée des Arts
Décoratifs. He also is a Trustee of the Palm Beach Retirement Funds, the
Palm Beach Preservation Foundation and the Palm Beach Civic
Association. Mr. Ross is a citizen of the United States of America.
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Tye Burt
Tye Burt, 57, is a non-executive and independent Director of ArcelorMittal.
He was appointed president and chief executive officer of Kinross Gold
Corporation, a mining company listed in New York and Toronto in March
2005. He held this position until August 2012.
Mr Burt has a broad experience in the global mining industry, specialising
in corporate finance, business strategy and mergers and acquisitions. Prior
to joining Kinross, he held the position of vice chairman and executive
director of corporate development at Barrick Gold Corporation. Other
previous positions include: president, Cartesian Capital Group from 2000
to 2002; chairman, Deutsche Bank Canada and Deutsche Bank Securities
Canada; global managing Director, global metals and mining for Deutsche
Bank AG from 1997 to 2000 and managing director and co-head of the
global mining group at BMO Nesbitt Burns from 1995 to 1997. He held
various other positions at BMO Nesbitt Burns from 1986 to 1995.
Mr Burt is a board member of Dacha Strategic Metals Inc. and the Life
Sciences Research Campaign Chair for the University of Guelph’s Better
Planet project. He is also a member of the Duke of Edinburgh's Award
Charter for Business’ board of governors.
Mr Burt is a graduate of Osgoode Hall Law School in Toronto and a
member of the Law Society of Upper Canada. He holds a bachelor of arts
from the University of Guelph.
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Karyn Ovelmen
Mrs. Karyn Ovelmen, 52, is the Chief Financial Officer and Executive Vice
President of LyondellBasell Industries NV, one of the world’s largest
plastics, chemicals and refining companies, a position that she has held
since October 2011.
She will join Flowserve, a leading provider of flow control products and
services for the global infrastructure market, as Executive Vice President
and Chief Financial Officer, effective June 1, 2015.
Before, Mrs. Ovelmen most recently served as Executive Vice President
and Chief Financial Officer of Petroplus Holdings AG from May 2006 to
September 2010 and as Executive Vice President and Chief Financial
Officer of Argus Services Corporation from 2005 to 2006.
Prior to that, she was Vice President of External Reporting and Investor
Relations for Premcor Refining Group Inc. She also spent 12 years with
PricewaterhouseCoopers, primarily serving energy industry accounts.
Mrs. Ovelmen holds a Bachelor of Arts degree from the University of
Connecticut, USA, and is a Certified Public Accountant ("CPA") of AICPA.
Mrs. Ovelmen is a citizen of the United States of America.
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