Paul O’Flaherty has given notice to resign as the CEO and executive director of JSE-listed steel producer ArcelorMittal South Africa (AMSA) with effect from 12 February 2016, citing personal reasons and wishes to pursue other interests.
The company said on Monday that the board of AMSA has established a search committee for his successor, of which he will also be a member.
O’Flaherty will be appointed as a non-executive director of the company with effect from 1 March 2016. This is to retain his continued contribution, especially in respect of relationships with key stakeholders.
The Chairman of the Board of Directors, Mpho Makwana, expressed the board’s full appreciation and thanked O’Flaherty for his valuable contribution to the company as the CEO and looked forward to his further contribution as a non-executive director.