Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 247

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 247
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 operating officer, before moving to senior leadership positionswithin the company. He was appointed Managing director and Chief Executive Officer of ESIL in 2019. Prior to joiningESIL, Mr. Oommen had worked in various leadership roles in Hadeed (SABIC), both in Long and Flat Productdivisions. In 2020, Mr. Oommen was elected President of the Indian Steel Association, the industry body thatrepresents major public and private sector steel companies in India. He has also served in the past as Co-Chair of theFederation of Indian Chambers of Commerce & Industry’s ("FICCI") Steel Committee, one of several industryleadership roles he has taken on during his career. He is also a member of the Advisory Committee of the SteelMinistry of India. Mr. Oommen is a metallurgical engineer from the Indian Institute of Technology, Kharagpur. He hasattended several management and technical programs across the globe. Mr. Oommen is a citizen of India. |

132

| Management report |

| Stephanie Werner-DietzMember of the Group management committee.Head of Human Resources |

133

| Management report |

Compensation

| Content                                              |                                                                                                                                                                      |
| Annual statement from the Chairman of ARCG Committee |                                                                                                                                                                      |
| Board of Directors                                   |                                                                                                                                                                      |
| Remuneration at a glance - senior management         | Overview of the Company's remuneration policy and rationale of eachperformance metric                                                                                |
| Remuneration at a glance - 2024 pay outcomes         | Comparison of pay outcomes 2024 vs. 2023 vs. 2022 vs. 2021 vs. 2020Explanation of results for 2023 short-term incentives paid in 2024                                |
| Remuneration                                         |                                                                                                                                                                      |
| Remuneration strategy                                | Explanation of what informs the ARCG's decision on pay                                                                                                               |
| Remuneration policy                                  | Explanation of policies applied to senior management                                                                                                                 |
| Remuneration mix                                     | Overview of the remuneration mix for senior management                                                                                                               |
| 2024 Total remuneration                              | Overview of 2024 outcomes                                                                                                                                            |
| Short-term incentives                                | Description of short-term incentives plan ("STI")                                                                                                                    |
| ArcelorMittal Equity Incentive Plan                  | Description of long-term incentive plan ("LTIP" or "LTI"s)                                                                                                           |
| Other benefits                                       | Description of other benefits                                                                                                                                        |
| Clawback                                             | Explanation