Thursday, 6 November 2008

I am still young: L N Mittal on succession

The richest Indian and steel czar Lakshmi N Mittal may have worked hard to create the world's biggest steel entity, but says he's not tire
d and is not yet ready to hang his boots.

"Today, I feel very young at 58," Mittal told the media in a telephonic interview a short while after he along with his son Aditya Mittal addressed the global financial press on Arcelor- Mittal's performance in the quarter ending September 2008 that saw the company's net profit surging 29 per cent to USD 3.8 billion.

Mittal, who turned 58 in June this year, was responding to a query if he was looking for a succession plan and passing on the baton of his empire that controls over 10 per cent of global steel output. "Yes, Sure" was his reply to another query on whether he would be heard and seen in future also.

Source: EconomicTimes

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