Dean Subramanian, CFO of ArcelorMittal, has resigned to pursue an opportunity outside of the company.
After three years as the CFO of ArcelorMittal, as well as being the acting CEO in 2016, Dean Subramanian has announced his resignation. He will step down on 31 July 2018, to pursue an opportunity outside of the company.
Dean has held a valuable role in the company. He succeeded in mending the company’s relationship with government, had started resolving the company’s cash flow problem in moving debt from short to long term, which also helped ensuring financial sustainability.
His resignation adds to the woes of ArcelorMittal, which has been struggling against low steel demand, rising input costs and competition from cheap steel imports.
The company is commencing the search for Dean’s successor and will consider appropriate internal and external candidates.
Dean has been nominated for the 2018 CFO Awards.