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News Release

Last modified: Monday, October 24, 2011

Indiana University's Kelley School of Business receives leadership gift from ArcelorMittal

Steelmaker provides support for Undergraduate Building expansion campaign

FOR IMMEDIATE RELEASE
Oct. 24, 2011

BLOOMINGTON, Ind. -- Indiana University's Kelley School of Business today (Oct. 24) announced that one of its strategic corporate partners, ArcelorMittal, has provided a grant through its Campus Partnership Program for the school's Undergraduate Building Expansion Campaign.

"ArcelorMittal focuses on developing and producing the next generation of steel that will build our future. To accomplish this, we must attract skilled, motivated, innovative employees. Our Campus Partnership Program has allowed our company to forge a strong and mutually beneficial relationship with Indiana University's Kelley School of Business," said Michael Rippey, president and chief executive officer of ArcelorMittal USA. "We are pleased to continue our support with this new campaign. The expansion will ensure students have the technology and resources to prepare them to contribute in a globally competitive marketplace,"

ArcelorMittal has provided more than $850,000 since the partnership began in 2007. The company directly supports faculty fellowships in the school's undergraduate and MBA programs, diversity workshops, Kelley's innovative Integrated Core Program and the Center for Global Business Sales Leadership. The company also has executives engaging with the school and providing input to advance the academic offerings, including Rippey, who serves on the Kelley School's Dean's Council.

"Great business schools and universities are known by the company they keep. It is truly an honor for us to have such generous support from ArcelorMittal," said Dan Smith, dean of the Kelley School. "ArcelorMittal has long been a model partner for us. They have provided support for multiple faculty fellowships and they are consistently one of the leading employers of our students."

ArcelorMittal is one of the Kelley School's top hiring destinations and also provides internship employment opportunities for students. Since establishing the partnership in 2007, the company has hired 8 percent of its salaried employees from IU. It also supports undergraduate student programming such as the Supply Chain and Operations Management Association, the Women's Financial Association, the National Association of Black Accountants, Beta Alpha Psi, the Student Accounting Society and the Association of Latino Professionals in Finance and Accounting.

"This most recent gift by ArcelorMittal makes an important difference in our ability to provide students with a world-class learning experience," Smith added. "We would be a far lesser school without their ongoing support and presence at the school."

In 2009, IU trustees approved the architectural design of an expansion and renovation of the Kelley School's 140,000-square-foot original building at 1309 E. 10th St. Plans call for a two-phase project that will dramatically transform the school's learning environment for undergraduate students.

The project's focus will be to create spaces that enable faculty to develop more innovative, experiential teaching methods and provide students with more of a technology-mediated experience that will literally bring the world to Bloomington. Construction is expected to begin next spring with the building's expansion, followed by renovation of the existing building -- one floor at a time over a five-year period.

Additional classroom space is needed at Kelley. Current classrooms are 100 percent booked. The school -- which is increasingly recognized as one of the most highly regarded business schools in the world -- routinely must turn away 500 to 600 very capable students annually due to capacity limitations. The project will add more than 20 new classrooms, which will be designed for the school's experiential global team-based learning concept.

The existing building originally was completed in 1966 at a cost of $5.5 million. In 1982, construction to expand the building and to build an adjacent home for the School of Public and Environmental Affairs was completed at a cost of $18.9 million. Included in the latter project was a combined library for the two schools. Since then, facilities have periodically been improved to meet demands of emerging technologies and student demand.

About ArcelorMittal

ArcelorMittal is the world's leading integrated steel and mining company, with presence in more than 60 countries. The company is the leader in all major global steel markets, including automotive, construction, household appliances and energy, with leading R&D and technology. For more information about ArcelorMittal visit: www.arcelormittal.com.

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