People: ArcelorMittal SA (ISPA.AS)
Dr. Louis (Lou) Schorsch is Member of the Group Management Board, Chief Executive Officer of ArcelorMittal Americas, with additional responsibility for Strategy, Technology, R&D, Global Automotive and Commercial co-ordination of ArcelorMittal SA. Dr. Schorsch was elected to the Group Management Board on May 24, 2011. Prior to this appointment he had been President and Chief Executive Officer of Flat Carbon Americas, a position established with the 2006 merger of Arcelor and Mittal Steel, as well as a Member of the ArcelorMittal Management Committee. He had previously led the American operations of the Mittal Group, Mittal Steel USA (2005-2006) and Ispat Inland (2003-2005). Prior to joining Ispat Inland, Dr. Schorsch had spent most of his career as a partner in McKinsey & Co and was co-leader of that firm’s Metals Practice. He joined McKinsey's Brussels Office in 1985 and also worked in that firm’s Pittsburgh and Chicago offices. While at McKinsey his work focused on the steel sector and involved client service with steel firms in the Americas, Europe and Asia. He left McKinsey in 2000 to become CEO of GSX, an internet steel exchange founded by Cargill, Samsung, Duferco, and Arbed. Prior to joining McKinsey Dr. Schorsch was an analyst at the Congressional Budget Office in Washington, D.C. and a millwright at the USS South Chicago Works in the late 1970s. He holds a doctorate in Economics from American University and a bachelor’s degree from Georgetown University, both in Washington, D.C.
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