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Name and title: Marc Jeske, general counsel and corporate secretary Age: 52 The company: Ispat Inland Inc., based in the heart of the Rust Belt in East Chicago, Ind., is the fifth-largest producer of steel in the United States, accounting for about 5% of the nation’s output. It manufactures “high-value-added” bar and flat-rolled steel, for use primarily in the automotive, agricultural and steel service industries. The “120-plus-year-old” company has 7,000 employees, and last year reported $2.4 billion in sales. It sells into the United States, Mexican and Canadian markets, and also owns an iron-ore mine near Virginia, Minn. Ispat Inland is a wholly owned subsidiary of Ispat International N.V. of Rotterdam, the Netherlands. Environmental exposure: A multimillion-dollar settlement reached by Ispat Inland in a recent pollution case reflects Jeske’s belief that “perhaps our greatest area of potential [legal] exposure was environmental.” His concern dates back to 1993, when his company, “unlike many of its peers,” entered into a consent decree with the Environmental Protection Agency. The agreement “wrapped up everything at that point” vis-�-vis Ispat Inland’s air, water and ground violations, with “one major loose end”: its alleged role in the contamination of Indiana’s Grand Calumet River corridor. Under authorization from the Comprehensive Environmental Response, Compensation and Liability Act (42 U.S.C. 9601, et seq.) and the Federal Water Pollution Control Act (33 U.S.C. 2701, et seq.), the U.S. Fish and Wildlife Service and the Indiana Department of Environmental Management were empowered to act as trustees for the Grand Calumet River and Indiana Harbor Canal. Their Natural Resources Damages Assessment revealed pollutants in the river’s sediment and damage to its fisheries. Eight companies, including Ispat Inland, were deemed responsible, and Jeske worked with the federal and state trustees to achieve a settlement. In June, the company was assessed $8.3 million of the $56 million assessed to all parties, an amount that it was given five years to pay (with interest). Jeske is “very pleased with the result,” and pointed out that “with the consummation of Calumet, we have only modest ongoing matters.” Tariff trouble: In March 2002, President George W. Bush levied “Section 201 Tariffs” on imported steel in order to boost domestic producers, on the theory that state-subsidized foreign manufacturers were hurting the industry by dumping unfairly priced steel into the U.S. market. “We and our peer companies,” said Jeske, “were very actively involved in the support of tariffs and prepared testimony supporting their continuation.” They also challenged various product-exemption requests proffered by their non-U.S. competitors. Industry consolidation, along with the tariffs, appeared to buoy domestic producers, although the tariffs were also blamed for price increases in the automotive industry. However, in November 2003, the tariffs were ruled to be illegal by the World Trade Organization. Stung by the backlash and fearful of a potential trade war with Europe, the Bush administration withdrew them the following month. Jeske was “disappointed” when they were “prematurely” terminated, and Ispat Inland and others are continuing to “explore our options” under the existing trade and anti-dumping laws. Man of steel: Jeske handles all legal matters for the company, except for labor, which is handled by the human resources department, although workers’ compensation cases and employee liability are his responsibilities. The steel industry is highly unionized and Jeske participates, to a limited extent, in union negotiations and the grievance process. During Jeske’s tenure, joint ventures have been undertaken with Nippon Steel Corp. and Cleveland-Cliffs Inc., North America’s largest producer of iron-ore pellets. Ispat Inland’s sales in Mexico and Canada also require him to perform “a fair amount” of research to gain expertise in trade laws related to steel importation. The internal audit function of Sarbanes-Oxley legislation will be consuming much of his time as well. A growing challenge for steel manufacturers is the industry’s exposure to asbestos litigation. Jeske supports “legislation currently being reviewed that would promote a federal trust that would wrap up asbestos liabilities or would address them in a combined federal response.” Jeske cites the “classic text” on iron making, Making, Shaping and Treating of Steel, published by the Association of Iron and Steel Engineers, as being particularly helpful in his multifaceted job. Legal team: Jeske helms a legal team that is a department of six: three lawyers, two paralegals and an international trade specialist. An estimated one-third of their work is performed in-house, and the GC maintains “relationships with 30 different law firms” to provide assistance with the rest. Law firms most often hired by Jeske include Chicago-based Mayer, Brown, Rowe & Maw; Sachnoff & Weaver; and Vedder, Price, Kaufman & Kammholz; as well as Indianapolis’ Baker & Daniels. Jeske is proud to have “successfully reduced our legal budget by over 30%,” a career highlight. Route to the top: Jeske graduated in 1974 from the University of Illinois in Champaign, garnering degrees in philosophy and mathematics. He continued his education at Northwestern University School of Law and graduated in 1979 from its combined MBA/JD program. His first career stop was railroad company Chicago and Northwestern Transportation Co., where he spent seven years as in-house counsel. From 1987 until 2001, he worked at Inland Steel Industries, the parent holding company of operating subsidiaries Inland Steel Co. and Ryerson Tull Inc., a steel distribution firm. His responsibilities were across the board and included Securities and Exchange Commission issues; finance, mergers and acquisitions and joint ventures; special projects; and general corporate affairs. Inland Steel Co. was sold in 1998 to Ispat International N.V. and, following a period of name changes and corporate reorganization, Jeske was named general counsel of Ispat Inland in 2001. Personal: Jeske, a native of Urbana, Ill., and his wife, Laura, are the parents of two daughters, ages 12 and 9. His hobbies include running and “being with the children.” Last book and movie: Fateful Triangle: The United States, Israel and the Palestinians, by Noam Chomsky, and Scary Movie 3.

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