Arcelor Mit­tal

Finweek English Edition - - COVER STORY -

com­mit­ments to t hat coun­try af­ter the f irm an­nounced it would cut jobs af­ter clos­ing a fur­nace in east­ern France.

How tough is it to mo­ti­vate man­age­ment teams when your op­tions are so far un­der water that there’s l it t le prospect of a re­cov­ery be­fore they ex­pire? On that ba­sis, be­ing CEO of Arcelor Mit­tal in midNovem­ber as the share price plum­meted to a quar­ter of its pre-Kumba fight high of 11200c must have been grim.

Nonku­l­uleko Nyem­bezi-Heita

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