ArcelorMittal readies India team to run Essar Steel
ArcelorMittal has taken up space at CoWrks in Mumbai for its India office, and hired Korn Ferry to identify CXOs for its India team
The Essar Steel deal is being driven by Lakshmi Mittal's son Aditya Mittal, who has set up a large cross-functional team out of Belgium
Mumbai: As ArcelorMittal SA inches closer to its first acquisition in India, the Luxembourg-based steel giant is readying a crack team that can take control of Essar Steel as soon as the deal is completed. Mint has learnt that the company has finalized office space in Mumbai and engaged Korn Ferry, a Los Angeles-based management consultancy, to hire senior executives for the new team.