September 9 (SeeNews) - Arcelor Mittal’s Bosnian steel mill said on Wednesday it will appoint Mukund Kulkarni as the company’s new director general.
Kulkarni will replace M.K. Srinivasan, who will leave the post on September 30 for personal reasons and will go to India, Arcelor Mittal Zenica said in a statement.
The nomination of Kulkarni, who is currently director in chief of production in the mill, is due to be approved by the company’s Supervisory Board later in September.
Bosnia’s Arcelor Mittal Zenica is part of the world’s biggest steel producer Arcelor Mittal, formed in 2006 when Arcelor and Mittal Steel merged.
In 2004, Mittal Steel acquired 51% of troubled Bosnian mill BH Steel from the Muslim-Croat Federation government and the Kuwaiti Investment Agency in a package deal worth $280 million (193 million euro). It raised its stake in the plant to 92% in late 2005, after buying the remaining stake of the Kuwaiti Investment Agency for $98 million.