Steel giant ArcelorMittal is shuffling around management, and will run the company by region going forward.
The Luxembourg-based steelmaker, which has a huge presence in Northwest Indiana, announced organizational changes aimed at simplifying how the company is run. ArcelorMittal plans to manage the business by region so each division can have a dedicated strategy and focus, while taking advantage of regional synergies.
Under the new management structure, the Flat Carbon Americas and Long Carbon Americas regional divisions will report to Lou Schorsch as CEO of ArcelorMittal Americas, which is headquartered in downtown Chicago. Schorsh will remain in charge of corporate-level activities, including strategy, technology, global automotive, and research and development.
Aditya Mittal will serve as CEO of ArcelorMittal Europe, Davinder Chugh will be CEO of ArcelorMittal Africa, and Gonzalo Urquijo will manage the tubular products division.
"We have implemented these changes to simplify the organization and ensure we have the strongest possible foundation from which to operate and grow in the future," said Lakshmi Mittal, chairman and CEO. "I am confident that these modifications will enable us to achieve that."
Locally, ArcelorMittal operates integrated steel mills in East Chicago and Burns Harbor, a global research and development facility in East Chicago, a hot strip mill in Riverdale, a plate mill at U.S. Steel's sprawling Gary Works facility, and processing and finishing joint venture facilities in New Carlisle.