Monday, December 9, 2013

ArcelorMittal South Africa CEO Nonkululeko Nyembezi-Heita stepping down

(Bloomberg) - ArcelorMittal SA's South African unit said Nonkululeko Nyembezi-Heita (pictured), will step down on February 18 after almost 6 years as CEO at the local operation of the world’s largest steelmaker.

The ArcelorMittal South Africa Ltd. board will begin a search to replace the CEO and will “in due course” make an announcement on the transitional period, it said in a statement today.

Nyembezi-Heita, 53, became CEO in March 2008.

The steelmaker on November 6 ended a

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