ArcelorMittal's M&A, China, India Head Sudhir Maheshwari To Leave March 31

By Alex MacDonald

LONDON--Steel titan ArcelorMittal (MT) said Tuesday that Sudhir Maheshwari, head of mergers and acquisitions, corporate finance, risk management, India and China will leave the steel maker on March 31, 2015 to pursue other opportunities.

Mr. Maheshwari's responsibilities will be shared between other senior executives who will report to the group's management board, the company said.

Mr. Maheshwari first joined ArcelorMittal in 1998 in Trinidad & Tobago and played a key role in several of the company's transformative transactions, including the initial public offering of Ispat International N.V. in 1997 and the merger of Mittal Steel with Arcelor to create ArcelorMittal in 2006. He became a member of the group's management board in 2008.

"Sudhir has been an exceptional colleague for twenty-six years, playing a very important role in the company in various responsibilities. I am very sad that he is leaving us, but respect his decision to pursue personal ambitions and wish him every success for the future," said ArcelorMittal's chief executive Lakshmi Mittal.

Aditya Mittal, chief financial officer of ArcelorMittal added: "I would like to thank Sudhir for his loyalty, commitment and performance over the years....He is a highly respected and valued colleague and will be much missed."

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