This singular destiny nothing does the portended a prioriAs the Dalai Lama he travels to the WestCustomer relationship is also on the groundHowever the difficulties in regulating this market are manyOnly the Office of Thrift Savings disappearsI think the exemplarity and joint effortsIn London the FTSE 100 has dwindled by 0 Their failure is ours said Michel PatrySome professional experiences forge you more character than othersThe first reason of such gloom is in a word ratesDifficult to know which of the two sides of the profile of Roland Junck has seduced Lakshmi Mittal: its industrial profile contrary to those financial, Michel Wurth and Gonzalo Urquijo or his low profile he is less expressed during the OPA Guy Dollé and Michel Wurth. "For the OPA, I was instructed to work on what was possible or not with Mittal, is why I was less in first line in the communication", justified the new President of the branch, so better to remove the DG that the agreement signed between Arcelor and Mittal Steel (and the Grand Duchy) provided that the pattern of the new group would be Luxembourg, leaving as an alternative that Michel Wurth.
From within the group, are unanimous: Roland Junck is the best card to play as "financial and Arcelor Mittal will more readily than the industrial mix, that is there to calm tensions and have choices to make," judge a person in charge of Arcelor. Moreover, concerning finance, Aditya Mittal is the joysticks.
Or, as industrial, Roland Junck has been proven. Aged 50, he began his career in 1980 at the mill in Dudelange in Arbed, acted as Chairperson, Spanish Aceralia after Arbed took 35 in its privatization in 1997 and took in 2001 responsible for long products in Arcelor, a good point because Mittal Steel produces himself much.
Renowned for his discretion, he knows how to integrate. "It was very appreciated in Spain during its passage in Aceralia, the Spanish considered it one of their and regretted his departure", entrusts a collaborator. Disadvantage of this discretion, some fear a lack of scale. "It has always been an excellent second but nothing says that it will be the size of a large pattern as Guy Dollé, judge a man of Arcelor. Of course, there are seconds that prove, once their party leader. But it may also be that his passage to the DG is that a situation of waiting.
Roland Junck will have to begin now the integration of 320,000 employees and 60 plants in this new Mastodon that is Arcelor, Mittal. "Branch meets as early as Tuesday, on this subject and on the sale of Dofasco, and will present the integration terms retained on a late September investor day," says the new boss. The first priority is to unite with our clients, a business interlocutor.
One of the major challenges will be to marry culture very centralised Arcelor and the decentralized to the extreme, Mittal. "Centralization was the model of one of the three groups constituting Arcelor", temper Roland Junck, visibly took his distances with Usinor and the former Directorate. The balance therefore favours decentralization and the group already subverts its model on other points. For example, Lakshmi Mittal is not that integration slow the development of the group. "This will be the role of the President of the General Directorate of bring new development opportunitésde", he says. Roland Junck acquiesces and has not hesitated to point the finger of Arcelor's previous. "For two to three years that followed the merger three, we focused at 99 on the work of integration and we have not looked at the opportunities for development outside," he said. Balance sheet: Arcelor, too small, was redemption.
