ArcelorMittal appoints Wim de Klerk as CEO

Wim de Klerk. Image source: http://cfo.co.za/

De Klerk holds a BAcc degree (honours) from the University of Pretoria, an executive management diploma from Darden as well as a strategic marketing diploma from Harvard. He is a qualified chartered accountant (SA). He is currently the finance director at Exxaro Resources.

ArcelorMittal said De Klerk had "the necessary experience and understanding" to do the job.

"The board congratulates Wim on his appointment and looks forward to his contribution."

In a statements last week, Exxaro said after much "consideration and deliberation" De Klerk had decided to step down as finance director of the company.

"The company's board of directors has, over a period of time, been considering his application to step down in order for him to make a lifestyle change and has approved such with effect from 31 August 2016 or an earlier date if so agreed with the board," the diversified resources group said.

At 12.46pm, ArcelorMittal's share price was down 7.16% to R9.47, valuing the company at about R11.6bn.

Source: BDpro