LIBERTY STEEL on Monday (18) announced appointment of former AcrcelorMittal heavyweight Paramjit Kahlon as the chief executive officer (CEO) of its primary steel and integrated mining businesses.
The venture is party of GFG Alliance, a conglomerate owned headed by British-Indian commodities tycoon Sanjeev Gupta, who recently consolidated his steelmaking and mining interests into a single company to form Liberty Steel Group.
It is the eighth largest steel group outside China, employing 30,000 people with operations in the UK, Europe, the US and Australia.
“I am delighted to announce the appointment of Paramjit Kahlon as CEO…. He is one of the world”s top steel executives whose experience will be invaluable as we execute our global strategy, drive synergies across the group and achieve carbon neutrality by 2030,” said Gupta.
Kahlon will oversee all the group’s primary steel and integrated mining businesses located in Ostrava in the Czech Republic, Galati in Romania, and Whyalla and Tahmoor in Australia.
“His immediate focus will be on dealing with the Covid-19 crisis and ensuring the operations are sustainable over the long term through investment in lower carbon technologies such as hydrogen, DRI (directly reduced iron) and electric arc furnaces,” a statement from the business house said.
Kahlon had earlier held top positions at ArcelorMittal, another global steel and mining giant. He handled several key roles in the company, and was CEO for its businesses in CIS countries and the Middle East before moving to the Liberty group.
“I look forward to work with Sanjeev and the team as we manage the current Covid-19 crisis and embark on our journey to deliver Liberty Steel Group’s vision to become carbon neutral by 2030,” he said.