METALS MOVER: ArcelorMittal Ukraine Names Rinat Starkov As CEO
August 03 2010 - 1:01PM
Dow Jones News
ArcelorMittal (MT) has appointed Rinat Starkov as chief
executive of its Ukrainian steel plant, ArcelorMittal Kryviy Rih,
the company said Tuesday.
Starkov replaces Jean Jouet, the previous CEO, who has left the
company.
Starkov served as Member of the Management Board at Mondi
Business Papers responsible for the Commonwealth of Independent
States, fiber procurement and logistics; and managing director at
Mondi Syktyvkar.
Starkov has a strong background in managing transformations and
implementing modernization programs at large industrial companies,
ArcelorMittal said.
"My priorities are to restore the company's profitability and to
continue the process of transforming it into a sustainable and
competitive business," Starkov said.
"In particular, I plan to focus on increasing production volume
and quality, ensuring a sustainable supply of raw materials and
implementing the modernization that is required to take the company
forward," he added.
Arnaud Poupart-Lafarge, Executive Vice President at
ArcelorMittal thanked Jouet for his contribution to the company,
including managing cash issues caused the delay in VAT refund and
developing an ongoing dialogue with trade unions.
"We wish Jean well for the future and we are very pleased with
the strong management team he leaves in place to support Mr.
Starkov."
ArcelorMittal declined to comment on what Jouet planned to do
next.
Company Web site: www.arcelormittal.com.ua
-By Alex MacDonald, Dow Jones Newswires; +44 (0)20 7842 9328;
alex.macdonald@dowjones.com
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