Louis Schorsch, member of the Group Management Board, ArcelorMittal

Louis Schorsch was elected to the Group Management Board of ArcelorMittal in May 2011. Prior to this appointment, he had been president and chief executive officer of Flat Carbon Americas, a position he still holds, established with the 2006 merger of Arcelor and Mittal Steel, as well as a member of the ArcelorMittal Management Committee. He had previously led the American operations of the Mittal Group, Mittal Steel USA (2005–06) and Ispat Inland (2003–05). Prior to joining Ispat Inland, Schorsch had spent most of his career as a partner in McKinsey & Co and co-leader of that firm's Metals Practice. He joined McKinsey's Brussels office in 1985 and also worked in that firm's Pittsburgh and Chicago offices. While at McKinsey, his work focused on the steel sector and involved client service with leading steel firms in the Americas, Europe and Asia. He left McKinsey in 2000 to be the CEO of GSX, an internet steel exchange founded by Cargill, Samsung, Duferco and Arbed. He is the author of numerous articles related to the steel sector, was the co-author of the 1983 book, Steel: Upheaval in a Basic Industry, and has appeared as a steel expert on NBC and PBS. Prior to joining McKinsey, Schorsch was an analyst at the Congressional Budget Office in Washington, D.C., and a millwright at the U. S. Steel South Chicago Works in the late 1970s, when he developed his initial interest in the steel sector. He holds a doctorate in economics from American University and a bachelor's degree from Georgetown University.