Lakshmi Mittal

ArcelorMittal; counter-cyclical steel consolidation

Executive Chairman of ArcelorMittal, the global steel and mining group he assembled through decades of opportunistic consolidation. Mittal's strategy centred on acquiring under-valued, state-owned or troubled steel plants during downturns and restructuring them for profitability. His 2006 hostile takeover of Arcelor remains one of the largest cross-border industrial deals in history.