Malay Mukherjee new CEO of Essar Steel

Essar Group has announced the appointment of Malay Mukherjee as chief executive officer of its steel business, effective from October 15. He will take charge from current CEO J Mehra, who will assume a new role as director, Essar Group, and will continue to support the promoter-directors in business strategy, investments, corporate relations and corporate governance.

Shashi Ruia, chairman, Essar Group, said, "Our steel business has grown by leaps and bounds under the stewardship of Mehra. His new assignment will enable Essar to continue to draw on his rich experience."

Speaking on the appointment, he added, "Malay Mukherjee comes with valuable international experience in the steel business and is an excellent addition to Essar Group's dynamic leadership team."

Mukherjee is an alumnus of the Indian Institute of Technology, Kharagpur, and holds a master's degree in mining from Moscow. In a career spanning more than 35 years, he has led a variety of technical and commercial functions in the steel industry.