V Ashok has been appointed as chief financial officer (CFO) of Liberty Steel Group. Ashok will work with Liberty Steel’s finance teams around the world to define financial structure, strategies and prioritise driving business development.
Ashok formerly served as CFO at Essar. The appointment comes in the wake of Liberty’s recent decision to consolidate its steel business within the GFG Alliance, under one group structure.
Steel assets are currently held under the Liberty House Group, which will be integrated into GFG by the end of the year with a consolidated $15 billion in annual turnover.
Liberty Steel, with an annual output of 18 million tonnes, is the world’s 17th largest steel producer. The steel group operates in 10 countries with 30,000 employees.