Mining CEO salaries rise, but gender diversity remains elusive, report finds
Chief executive base salaries in the mining industry increased between 2% and 12% in 2023, the report says.
Peter Kukielski, former chief executive of Arcelor Mittal, is joining Warburg Pincus “. . . to identify and evaluate investment opportunities in the mining industry globally with a view to forming a new mining company.”
Warburg Pincus, a global private equity firm with about US$35 bilion in assets under management, is bringing on Kukielski to identify investment opportunities.
“Peter has tremendous depth and experience in the mining industry globally, most recently as the leader of one of the world’s largest mining businesses,” says Somit Varma, Managing Director, Warburg Pincus in a news release.
“We believe that there are a number of attractive investment opportunities to evaluate in the mining sector and are pleased to be partnering with such an experienced individual as Peter.”
The investment firm lauds Kukielski experience, noting that he built ArcelorMittal Mining into one of the world’s five largest iron ore and metallurgical coal producers. Prior to joining ArcelorMittal, Kukielski held senior executive positions at Teck Resources, Falconbridge and Noranda (now Glencore Xstrata) and Rio Algom (now BHP Billiton).
Image of Peter Kukielski speaking at ArcelorMittal Investor Day 2013. Image of a Hitachi mining excavator dumping material in a Belaz haul truck from Sandrerro.
