Lakshmi Mittal is now CEO of Arcelor Mittal
Brussels: Lakshmi Mittal has taken charge of Arcelor Mittal, replacing a top Arcelor man. Arcelor Mittal said in a statement that the board of directors had unanimously appointed Lakshmi Mittal as the new chief to replace Roland Junck of Arcelor, who would remain a member of the group management board.

Arcelor Mittal also reported third-quarter figures, showing pro-forma core profit slightly higher than expectations, and confirmed its guidance for the full year. The company said EBITDA (earnings before interest, tax, depreciation and amortisation) amounted to $4.35 billion, compared with the average forecast of $4.29 billion by analysts.

Mittal Steel, which took over Luxembourg's Arcelor, had pledged to keep an Arcelor man as chief executive following the merger of the two groups in a bid to calm political opposition to the deal.
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