"The Board of Directors yesterday elected ...new officers for 2017/2018 at the worldsteel General Assembly in Brussels. The new officers are elected for a one-year period," the global steel body said in a statement today.
The board elected Kosei Shindo, Representative Director and President, Nippon Steel and Sumitomo Metal Corporation as the Chairman, the body said.
John Ferriola, Chairman, Chief Executive Officer, President, Nucor Corporation and POSCO CEO Ohjoon Kwon have been elected to the post of Vice Chairman.
The board also elected a 16-member Executive Committee. Jindal and Kwon were also elected as one of the members of the committee. Tata Steel's Managing Director T V Narendran and NRI steel baron Lakshmi Niwas Mittal were also elected as a member.
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Besides, John Ferriola of Nucor Corporation, Heinrich Hiesinger of thyssenkrupp AG, Andr Johannpeter from Gerdau S.A and JFE Steel Corporation's Koji Kakigi were elected to the committee.
MA Guoqiang of China Baowu Steel Group Corporation Limited, Alexey Mordashov of Severstal (PAO), Roger Newport of AK Steel Corporation, Paolo Rocca of Techint Group, Kosei Shindo of Nippon Steel and Sumitomo Metal Corporation, YU Yong of HBIS Group Co. Ltd and World Steel Association's Edwin Basson were were also elected as a member of the executive committee.
worldsteel members represent approximately 85 per cent of the world's steel production, including over 160 steel producers with 9 of the 10 largest steel companies, national and regional steel industry associations, and steel research institutes.