JSW Steel announced that based on the recommendations of the Nomination and Remuneration Committee, Mr Marcel Fasswald has been inducted as an Additional and nonexecutive Independent Director on the Board of the Company. Subject to the approval of shareholders of the Company, his appointment as a nonexecutive independent director is for a term commencing on 21 October, 2022 and ending on 20 October 2027. Mr Marcel Fasswald, a German National, aged 53 years, began his career in 1995 as a design and execution engineer at Mannesmann Demag Huttentechnik, which was later integrated into SMS group in 1999. Mr Marcel Fasswald was since then associated with the Plant Engineering Company SMS group, where he was a member of the Managing Board acting as Chief Technology Officer and Chief Operating Officer. Before being appointed to the Managing Board at SMS in 2015, he was Technical Director and Head of Engineering and for six years the CEO and Managing Director of SMS group in India. As a qualified engineer he brings international experience from several management positions in plant engineering at SMS. He was also the Chief Operating Officer of Thyssenkrupp Industrial Solutions AG from April, 2018 to September 2018 and the CEO from October 2018 to October 2019.