This Particular thread is dedicated to the Corporate Sector news , Launch of Products , new Appointments, Merging , Acquisitions and results declared in Quarters by the Indian Companies as well as Throughout the globe. xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx ArcelorMittal's Malay Mukherjee named Essar Steel CEO- Corporate Announcement-News By Company-News-The Economic Times ArcelorMittal's Malay Mukherjee named Essar Steel CEO 4 Sep 2009, 1656 hrs IST, PTI NEW DELHI: Essar Steel on Friday appointed Malay Mukherjee, who resigned as director from the board of global steel giant ArcelorMittal, as the Chief Executive Officer. Mukherjee will look after both global as well as domestic steel operations of the group. Mukerjee's appointment is effective from October 15. "The Essar Group announces the appointment of Malay Mukherjee as the CEO of its steel business," the Ruias-led corporate said in a statement. The incumbent, Jatinder Mehra, will join the Essar Group as Director. "Malay Mukherjee comes with valuable international experience in the steel business and is an excellent addition to Essar Group's dynamic leadership team," Essar Group Chairman Shashi Ruia said. The outgoing CEO, would continue to be an active member of the Group Management Committee, among others, it said. "Our steel business has grown by leaps and bounds under the stewardship of Mehra. His new assignment will enable Essar to continue to draw on his rich experience," Ruia said. The group said that Mukherjee's appointment is in line with its strategy to induct industry veterans to aid its global growth. The new appointee had joined the L N Mittal Group in 1993 and rose to the position of a board director from which he stepped down on Tuesday. Prior to ArcelorMittal, he was Executive Director with state-run SAIL's Bhillai Steel Plant.