PARIS, March 1, 2002 (PRIMEZONE) -- Usinor (PSE:USI):
In its first meeting held at the headquarters in Luxembourg on March 1, 2002, the Board of Directors of Arcelor has acknowledged its composition as decided upon by the General shareholders' meeting. The Board of Directors consists of the following members :
- Joseph Kinsch, Chairman of the board - Francis Mer, Chairman of the board - Jose Ramon Alvarez Rendueles, Vice-chairman of the board - HRH Prince Guillaume of Luxembourg, Director - Daniel Bouton, Director, Chairman and Managing director of the Societe Generale, Paris - John Castegnaro, Director, Trade Union Leader, Luxembourg - Jean-Yves Durance, Director, President of the Management Board of MARSH France - Ignacio Fernandez Toxo, Director, Trade Union Leader, Madrid - Jean-Pierre Hansen, Director, Chairman and Managing director of Tractebel, Brussels - Ulrich Hartmann, Director, Chairman of the Supervisory board of E-ON AG, Dueseldorf - Corporacion JMAC, represented by Ramon Hermosilla Martin, Director, Madrid, - Hedwig De Koker, Director, Chairman of the Board of Directors of Vancaen PLC, Brussels - Jean Lapeyre, Director, Trade Union Leader, Paris - Daniel Melin, Director, Consultant Emadys, Paris - Francisco Javier de la Riva Garriga, Director, Executive Vice-president of Fertiberia S.A., Madrid - Georges Schmit, Director, General Secretary of the Ministry of the Economy, Luxembourg - Sergio Silva de Freitas, Director, Senior Vice-president of Banco Itau, Brazil - Fernand Wagner, Director, Luxembourg
Paul Junck, Corporate Secretary, has been appointed Secretary of the Board of Directors.
In addition, the Board has established two committees within the definition of the principles of a corporate governance conceived to provide the shareholders with information, to offer transparency to the markets and to optimize the group's operations.
The committees are :
1. Audit committee with the task to assist the Board of Directors in
its functions of Company and Group controlling among others. Its
members are :
- Jose Ramon Alvarez Rendueles, Chairman
- Jean-Yves Durance, member
- Hedwig De Koker, member
- Georges Schmit, member
2. Appointment and remuneration committee
This committee will propose to the Board of Directors the policy to apply in terms of remuneration of the members of the Management Board. In addition, this committee is mandated to present proposals to the Board of Directors concerning the appointment of members of the Board of Directors and of the Management Board.
This committee consists of :
- Joseph Kinsch, Chairman - Francis Mer, Chairman - Jose Ramon Alvarez Rendueles, member - Jean-Pierre Hansen, member.