Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 233

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 233
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 and Mrs. Clarissa Lins for a new term of three years each. The retirement of Tye Burt has left a vacancy on the Board, which the Company continues to work to fill. In the most recent assessment of the Company’s leadership structure, the ARCG Committee reviewed the key duties and responsibilities of the Company’s Executive Chairman and its Lead Independent Director as follows:

| Executive Chairman                                                                                                                                   | Lead Independent Director                                                                                                                |
| * Chairs the Board of Directors' and shareholders' meetings                                                                                          | * Provides independent leadership to the Board of Directors                                                                              |
| * Works with the Lead Independent Director to set agenda for the Board ofDirectors and reviews the schedule of the meetings                          | * Presides at executive sessions of independent directors                                                                                |
| * Serves as a public face of the Board of Directors and of the Company                                                                               | * Advises the Executive Chairman of any decisions reached andsuggestions made at the executive sessions, as appropriate                  |
| * Serves as a resource for the Board of Directors                                                                                                    | * Coordinates the activities of the other independent directors                                                                          |
| * Guides discussions at the Board of Directors meetings and encouragesdirectors to express their positions                                           | * Oversees Board of Directors' governance processes, includingsuccession planning and other governance-related matters                   |
| * Communicates significant business developments and time-sensitive mattersto the Board of Directors                                                 | * Liaison between the Executive Chairman and the other independentdirectors                                                              |
| * Is responsible for managing day-to-day business and affairs of the Company                                                                         | * Calls meetings of the independent directors when necessary andappropriate                                                              |
| * Interacts with the CEO within the Executive Office of the Company andfrequently meets stakeholders and provides feedback to the Board of Directors | * Leads the Board of Directors’ self-evaluation process and such otherduties as are assigned from time to time by the Board of Directors |

The members of the Board of Directors are set out below. Henk Scheffer is the Company Secretary and, accordingly, acts as secretary of the Board of Directors.

122

| Management report |

| Name                        |     | Age5 |     | Date of joining the Board6 |     | End of Term |     | Position within ArcelorMittal5               |
| Lakshmi N. Mittal           |     |   74 |     | May 1997                   |     | May 2026    |     | Executive Chairman of the Board of Directors |
| Aditya Mittal8              |     |   48