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	== Overview ==		== Overview ==
	{{Infobox person		{{Infobox person

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	🏛️ '''Succession and governance.''' Mittal's ascent within a founder-controlled business has periodically attracted governance commentary about dynastic succession, and company disclosures emphasised the separation of the CEO and executive chairman roles in 2021 as part of a leadership transition that retained Lakshmi Mittal as executive chairman while appointing Aditya Mittal as CEO.<ref name="amrem2021" />		🏛️ '''Succession and governance.''' Mittal's ascent within a founder-controlled business has periodically attracted governance commentary about dynastic succession, and company disclosures emphasised the separation of the CEO and executive chairman roles in 2021 as part of a leadership transition that retained Lakshmi Mittal as executive chairman while appointing Aditya Mittal as CEO.<ref name="amrem2021" />

	== See also ==
	* 🔩 [[ArcelorMittal]]

	== References ==		== References ==

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	=== YouTube videos ===		=== YouTube videos ===
	{{Youtube thumbnail \| 0xcLujWARc4 \| caption=WEF Davos: Aditya Mittal}}		{{Youtube thumbnail \| 0xcLujWARc4 \| caption=WEF Davos: Aditya Mittal}}
	{{Youtube thumbnail \| Eyanz-jMNRI \| caption=Photoshoot Behind-the-Scenes}}		{{Youtube thumbnail \| Eyanz-jMNRI \| caption=Aditya Mittal, Photoshoot Behind-the-Scenes}}

	=== biz/articles ===		=== biz/articles ===

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	=== YouTube videos ===		=== YouTube videos ===
	{{Youtube thumbnail \| ~~wN-7_5C2Kq0~~ \| caption=Aditya Mittal ~~discusses Q2 earnings and steel demand on CNBC International.~~}}		{{Youtube thumbnail \| 0xcLujWARc4 \| caption=WEF Davos: Aditya Mittal}}
	{{Youtube thumbnail \| 3y-~~Jg2qJz9M~~ \| caption=~~World Economic Forum interview with Aditya Mittal on~~ the ~~transition to green steel.~~}}		{{Youtube thumbnail \| Eyanz-jMNRI \| caption=Photoshoot Behind-the-Scenes}}

	=== biz/articles ===		=== biz/articles ===

Wikilah admin: Created page with "{{Insert top}}{{Insert quote panel | {{Aditya Mittal/random quote}} }} == Overview == {{Infobox person | name = Aditya Mittal | honorific_prefix = | honorific_suffix = | image = aditya-mittal.jpg | caption = | birth_date = {{birth date and age|1976|1|22}} | birth_place = Kolkata, India | citizenship = | education = Wharton School | alma_mater = University of Pennsylvania | occupation = Business executive | employer = ArcelorMittal | title = Chief Executive..."

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Created page with "{{Insert top}}{{Insert quote panel | {{Aditya Mittal/random quote}} }} == Overview == {{Infobox person | name = Aditya Mittal | honorific_prefix = | honorific_suffix = | image = aditya-mittal.jpg | caption = | birth_date = {{birth date and age|1976|1|22}} | birth_place = Kolkata, India | citizenship = | education = Wharton School | alma_mater = University of Pennsylvania | occupation = Business executive | employer = ArcelorMittal | title = Chief Executive..."

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{{Insert top}}{{Insert quote panel | {{Aditya Mittal/random quote}} }}
== Overview ==
{{Infobox person
| name = Aditya Mittal
| honorific_prefix =
| honorific_suffix =
| image = aditya-mittal.jpg
| caption =
| birth_date = {{birth date and age|1976|1|22}}
| birth_place = Kolkata, India
| citizenship =
| education = [[Wharton School]]
| alma_mater = University of Pennsylvania
| occupation = Business executive
| employer = [[ArcelorMittal]]
| title = [[Chief Executive Officer]]
| term = February 2021 – present
| predecessor = [[Lakshmi Mittal]]
| successor =
| boards = [[Wharton School]], Iconiq Capital, AM/NS India
| known_for = Arcelor acquisition, XCarb initiative
| spouse = Megha Mittal
| children = 3
| awards =
| signature =
| website =
}}

🏗️ '''Aditya Mittal''' (born 22 January 1976) is an Indian business executive who currently serves as the [[Chief Executive Officer]] of [[ArcelorMittal]], the world's largest steel manufacturing corporation. The son of steel magnate [[Lakshmi Mittal]], he joined the family business in 1997 and is widely credited as the strategic architect behind the 2006 merger of Mittal Steel and Arcelor, a transaction that consolidated the global steel industry. Since assuming the CEO role in 2021, his leadership has focused on digital transformation and industrial decarbonization, specifically the transition toward hydrogen-based steelmaking.

== Early Life and Education ==

🌏 '''Global upbringing.''' Born into a Marwari business family in Kolkata, India, Mittal spent his formative years in Indonesia, where his father was expanding a nascent steel venture.<ref name="FinExpress">{{cite web |url=https://www.financialexpress.com/life/lifestyle-meet-usha-mittals-son-and-ceo-of-arcelormittal-aditya-mittal-know-about-his-journey-and-how-he-took-forward-the-legacy-built-by-his-father-lakshmi-mittal-3191898/ |title=Meet Usha Mittal's son and CEO of ArcelorMittal, Aditya Mittal |publisher=The Financial Express |accessdate=2025-11-22}}</ref> This upbringing exposed him to the operational realities of the steel industry from childhood; he later recalled visiting mills with the fascination usually reserved for sports.<ref name="GQIndia">{{cite web |url=https://www.gqindia.com/content/real-steel |title=Real Steel |publisher=GQ India |accessdate=2025-11-22}}</ref> Following his secondary education at the Jakarta International School, he moved to the United States for university.

🎓 '''Wharton accelerator.''' Mittal attended the [[Wharton School]] of the University of Pennsylvania, graduating ''magna cum laude'' in 1996 with a Bachelor of Science in Economics. Concentrating in Strategic Management and Corporate Finance, he completed the standard four-year curriculum in three years.<ref name="GQIndia" /> Despite his grandfather's advice to pursue a career in the emerging technology or finance sectors, and a brief tenure as an investment banking analyst in the U.S., Mittal elected to join the family enterprise during the steel market downturn of the late 1990s.<ref name="AperamBio">{{cite web |url=https://www.aperam.com/sites/default/files/documents/AGM%202016%20-%20Biographical%20Information.pdf |title=Biographical Information: Aditya Mittal |publisher=Aperam |accessdate=2025-11-22}}</ref>

== Career ==

🚀 '''Meteoric rise.''' Joining Mittal Steel in 1997 as a trainee analyst, Mittal quickly assumed significant financial responsibilities. At age 22, he managed the [[Initial public offering]] of Ispat International, raising $775 million in what was then the largest IPO in the steel sector's history.<ref name="WhartonMag">{{cite web |url=https://magazine.wharton.upenn.edu/issues/anniversary-issue/forges-the-deals-for-the-worlds-largest-steel-company-aditya-mittal-w96/ |title=Forging the World's Largest Steel Company: Aditya Mittal |publisher=Wharton Magazine |accessdate=2025-11-22}}</ref> By 1999, he was appointed Head of [[Mergers and acquisitions]], leading a consolidation strategy that involved approximately 50 acquisitions worldwide, expanding the group's footprint into Eastern Europe, Africa, and North America.

🤝 '''Deal of the decade.''' In 2006, Mittal spearheaded the hostile takeover of European steel giant Arcelor. The $34 billion bid initially faced fierce political and corporate resistance.<ref name="WhartonMag" /> Mittal led the negotiations, ultimately securing a merger that created [[ArcelorMittal]], an entity controlling 10% of global steel output. The transaction was characterized by industry analysts as a defining moment in industrial consolidation, establishing Mittal's reputation as a specialist in complex cross-border deal-making.<ref name="GQIndia" />

📉 '''Crisis management.''' Following the 2008 financial crisis, Mittal, then serving as [[Chief Financial Officer]], oversaw a period of rigorous deleveraging to stabilize the company's balance sheet. He directed a strategic pivot toward high-value steel segments, such as automotive and renewable energy infrastructure, to mitigate exposure to volatile commodity cycles.<ref name="HausaBio">{{cite web |url=https://360hausa.ng/aditya-mittal-biography-net-worth-salary-arcelormittal/ |title=Aditya Mittal Biography: Net Worth & Salary As CEO |publisher=360Hausa |accessdate=2025-11-22}}</ref> In February 2021, he succeeded his father as [[Chief Executive Officer]], inheriting a company with renewed profitability following the COVID-19 pandemic.<ref name="MLQEarnings">{{cite web |url=https://mlq.ai/stocks/ARRD.DE/earnings-call-transcript/Q2-2021 |title=ArcelorMittal SA Q2 2021 Earnings Call Transcript |publisher=MLQ.ai |accessdate=2025-11-22}}</ref>

🌱 '''Transformation strategy.''' As CEO, Mittal has launched the "XCarb" initiative, committing the company to a 25% reduction in carbon emissions intensity by 2030 and net-zero by 2050.<ref name="AMResults2021">{{cite web |url=https://corporate.arcelormittal.com/media/press-releases/arcelormittal-reports-fourth-quarter-and-full-year-2021-results |title=ArcelorMittal reports fourth quarter and full year 2021 results |publisher=ArcelorMittal |accessdate=2025-11-22}}</ref> This strategy involves multi-billion dollar investments in hydrogen-based steelmaking and carbon capture technologies. Simultaneously, he has pursued growth in emerging markets, notably through the $6 billion joint acquisition of Essar Steel India in partnership with [[Nippon Steel]], establishing AM/NS India.<ref name="BusinessToday">{{cite web |url=https://www.businesstoday.in/latest/corporate/story/aditya-mittal-to-head-essar-steel-india-management-after-supreme-court-sc-clears-takeover-by-arcelormittal-238842-2019-11-16 |title=SC nod to ArcelorMittal's Essar Steel takeover paves way for Aditya Mittal |publisher=Business Today |accessdate=2025-11-22}}</ref>

== Financials and Governance ==

💶 '''Executive compensation.''' Mittal's remuneration package is performance-linked, consisting of a base salary and incentives tied to metrics such as [[EBITDA]] and emissions reductions. In 2024, the reported total compensation for ArcelorMittal's senior management, including the CEO, involved base pay and benefits of approximately $11.6 million, with additional performance-based potential.<ref name="Remuneration2024">{{cite web |url=https://corporate.arcelormittal.com/media/jgyd2yol/remuneration-report-2024.pdf |title=Remuneration Report 2024 |publisher=ArcelorMittal |accessdate=2025-11-22}}</ref> During the 2020 industry downturn, he voluntarily accepted a temporary salary reduction to align with company-wide austerity measures.<ref name="Remuneration2021">{{cite web |url=https://corporate.arcelormittal.com/media/4vsfpypt/220331-remuneration-report-2021.pdf |title=Remuneration Report 2021 |publisher=ArcelorMittal |accessdate=2025-11-22}}</ref>

🏀 '''Personal investments.''' While the Mittal family holds a controlling stake of approximately 37% in ArcelorMittal, Aditya Mittal's direct personal holding is approximately 0.05%.<ref name="SimplyWallSt">{{cite web |url=https://simplywall.st/stocks/us/materials/otc-amsy.f/arcelormittal/management |title=ArcelorMittal S.A. Leadership & Management Team Analysis |publisher=Simply Wall St |accessdate=2025-11-22}}</ref> His personal net worth is estimated at $1.8 billion as of 2025.<ref name="HausaBio" /> In May 2025, he led a personal investment of $1 billion as part of a consortium acquiring the [[Boston Celtics]], a [[National Basketball Association]] franchise, positioning him as a significant stakeholder in the sports entity.<ref name="ReutersCeltics">{{cite web |url=https://www.reuters.com/sports/celtics-sale-gets-1-billion-investment-indian-steel-giant-reports--flm-2025-05-23/ |title=Celtics sale gets $1 billion investment from Indian steel giant: reports |publisher=Reuters |accessdate=2025-11-22}}</ref>

== Personal Life ==

🏠 '''Private sphere.''' Mittal resides in London with his wife, Megha Mittal, the former owner of the fashion brand [[Escada]]. The couple met while studying at the Wharton School and have three children.<ref name="MeghaWiki">{{cite web |url=https://en.wikipedia.org/wiki/Megha_Mittal |title=Megha Mittal |publisher=Wikipedia |accessdate=2025-11-22}}</ref> Known for maintaining a low profile, Mittal is described by colleagues as understated and detail-oriented. He and his family are active philanthropists, notably donating £15 million to the Great Ormond Street Hospital in London and endowing the Mittal South Asia Institute at [[Harvard University]].<ref name="MeghaWiki" />

🏸 '''Quiet pursuits.''' Outside of his corporate responsibilities, Mittal is an avid squash player and a supporter of Arsenal Football Club.<ref name="GQIndia" /> His recreational interests are generally private, centering on family vacations and skiing. He has stated that his parenting philosophy focuses on leading by example regarding work ethic and ambition.

== Controversies and Challenges ==

⚔️ '''Political friction.''' The 2006 takeover of Arcelor triggered significant political backlash in France and Luxembourg, with government officials initially opposing the "hostile" bid. Mittal navigated this by engaging directly with stakeholders and providing guarantees regarding employment and plant operations.<ref name="GuardianFrance">{{cite web |url=https://www.theguardian.com/business/2012/nov/26/arcelormittal-france-steel-factory-closures |title=French minister urges steel-maker ArcelorMittal to leave country |publisher=The Guardian |accessdate=2025-11-22}}</ref> A similar conflict arose in 2012 over the closure of blast furnaces in Florange, France, where threats of nationalization required intense diplomatic resolution.<ref name="France24">{{cite web |url=https://www.france24.com/en/20121201-france-180-million-deal-arcelormittal-steelworks |title=France backs down on ArcelorMittal nationalisation |publisher=France 24 |accessdate=2025-11-22}}</ref>

⛏️ '''Safety crisis.''' In October 2023, a methane explosion at an ArcelorMittal mine in Kazakhstan resulted in 46 fatalities. The disaster led to the nationalization of the company's local subsidiary by the Kazakh government and drew severe criticism regarding safety standards.<ref name="RFEKazakh">{{cite web |url=https://www.rferl.org/a/kazakhstan-arcelormittal-takeover-coal-mine/32722336.html |title=Kazakhstan In Takeover Of ArcelorMittal Subsidiary Following Deadly Coal Mine |publisher=Radio Free Europe/Radio Liberty |accessdate=2025-11-22}}</ref> Mittal described the event as the "worst day" of his career and subsequently ordered a group-wide independent safety audit, linking executive bonuses to safety performance outcomes.<ref name="AMCEOmsg">{{cite web |url=https://corporate.arcelormittal.com/media/cases-studies/message-from-our-ceo-aditya-mittal-regarding-tragic-accident-in-kazakhstan/ |title=Message from our CEO, Aditya Mittal regarding tragic accident in Kazakhstan |publisher=ArcelorMittal |accessdate=2025-11-22}}</ref>

== Related content & more ==

=== YouTube videos ===
{{Youtube thumbnail | wN-7_5C2Kq0 | caption=Aditya Mittal discusses Q2 earnings and steel demand on CNBC International.}}
{{Youtube thumbnail | 3y-Jg2qJz9M | caption=World Economic Forum interview with Aditya Mittal on the transition to green steel.}}

=== biz/articles ===
* [[ArcelorMittal]]
* [[Lakshmi Mittal]]
* [[Mergers and acquisitions]]

== References ==
{{reflist}}

[[Category:biz/people]]
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