
Lakshmi N. Mittal - Chairman of the Board
of Directors and Chief Executive Officer Mr.
Lakshmi N. Mittal is the Chairman and CEO of Mittal Steel Company.
He founded the company in 1976 and has been responsible for the
strategic direction and development of its businesses. Mittal Steel
is the only truly global steel producer in the world with operations
on 14 countries, spanning 4 continents. Mr. Mittal’s ability to
guide the company in its identification, acquisition and turnaround
of steel assets has led to its emergence as one of the world’s fastest
growing steel producers. Mr. Mittal began his career working in
the family’s steel making business in India, and has over 30 years
of experience working in steel and related industries.
Over the years, Mr. Mittal has also championed the development
of integrated mini-mills and the use of Direct Reduced Iron or “DRI”
as a scrap substitute for steel making and led the consolidation
process of the global steel industry. Other related activities of
Mittal Steel include shipping, power generation and distribution,
and mining.
Awards:
Mr. Mittal was awarded with “Steelmaker of the Year” in
1996 by New Steel in the USA. He received the “Willy Korf Steel
Vision Award” in June 1998 by American Metal Market and PaineWeber’s
World Steel Dynamics. The award was given for outstanding vision,
entrepreneurship, leadership and success in global steel development.
He was awarded by Fortune magazines with “European Businessman
of the Year 2004”. This followed the merger combining Ispat International
and LNM Holdings to form Mittal Steel in December 2004. Simultaneously
there was an acquisition of International Steel Group in the US
to form the world’s largest steel producer.
Social Roles:
Mr. Mittal is an active philanthropist and a member of
various trusts. Mittal Steel is a significant contributor to local
community and welfare activities for employees in countries where
the Group operates.
Mr. Mittal is a member of the following councils:
- Foreign Investment Council in Kazakhstan
- International Investment Council in South Africa
- World Economic Forum’s International Business Council
- International Iron
- Steel Institute’s Executive Committee
He is a Director of ICICI Bank Limited, India’s largest private
sector bank. He is also on the Advisory Board of the Kellogg School
of Management, a leading business school in the U.S.
Personal Details:
He was born in Sadulpur in Rajasthan, India on June 15,
1950. He graduated from St. Xavier’s College in Calcutta where he
received a Bachelor of Commerce degree.
He is married to Usha Mittal, and has a son, Aditya Mittal and
a daughter, Vanisha Mittal.
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