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Jeannot Krecke to be appointed to ArcelorMittal's board

Staff writer |
Luxembourg - December 9, 2009, Luxembourg - ArcelorMittal announces that Georges Schmit will step down from his position as a member of the board of directors, effective December 31, and that the Board has named Jeannot Krecke an interim board member.

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After studying at the Universite libre de Bruxelles, Mr. Krecke became a physical education teacher. From 1981 to 1987, Mr. Krecke was town councillor for Kopstal. After settling in Luxembourg, he became involved in the local politics of the capital. Mr. Krecke was a member of the management committee of the LSAP (Luxembourg Socialist Workers’ Party) from 1985 to 1997 and responsible for managing party funds from 1985 to 1994. He was elected Deputy in 1989, re-elected in 1994, and was treasurer of the Parliamentary Group, then vice-president from 1994 and president from 1997. He was re-elected in 1999 and continued in the post of president of the Parliamentary Group. In the municipal elections held in October 1999, he was chief LSAP candidate for the capital.

During his career, Mr. Krecke has been involved in economic and financial issues. He was president of the Economic Affairs Committee and then vice-president of the Finance and Budget Committee and also held the presidency of the Committee for Controlling Budget Implementation. Apart from this, he was co-author of a manual on personal taxation and was given responsibility for the report on the Government budget for the year 1996, plus a report on tax fraud in Luxembourg in 1997. He was also co-author of a book on the control exercised by the Chamber of Deputies.

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