Senior Management Changes

RNS Number : 4119F

Anglo American PLC

12 November 2015

 



12 November 2015
Anglo American announces senior management changes

Anglo American plc ("Anglo American" or "the Group") announces a number of senior management changes to enable dedicated focus on both the Group's Marketing business and the evolution of the strategy. Anglo American also announces the decision by Paulo Castellari to step down from his position as CEO of Anglo American's iron ore business in Brazil to pursue other opportunities.

Peter Whitcutt has been appointed as CEO of Anglo American's Marketing business, having served as Group Director - Strategy, Business Development and Marketing since 2013. Peter Whitcutt will focus on delivering the full potential of the Marketing business which has delivered considerable commercial benefits to date that reflect product qualities and logistics tailored to customers' specific requirements.

Bruce Cleaver has been appointed Group Director - Strategy and Business Development, having served as Executive Head of Strategy and Corporate Affairs for De Beers, joining De Beers in 2005. Bruce Cleaver's mandate includes the ongoing analysis of global economic and commodity specific trends to inform the Group's strategy in a more volatile market environment. Bruce Cleaver will continue to serve on the board of De Beers, as a non-executive director.

Gareth Mostyn, currently Chief Financial Officer of De Beers, is appointed as Executive Head of Strategy and Corporate Affairs for De Beers. The appointments detailed above are effective 1 January 2016, although Gareth Mostyn will fulfil his year-end reporting commitments as CFO. The appointment of a new Chief Financial Officer of De Beers will be made in due course.

Mark Cutifani, Chief Executive of Anglo American, said: "The full potential of our Marketing business is clear and is ever more important to realise. Peter Whitcutt's leadership in identifying that potential based on long-term and mutually beneficial customer relationships and the quality of our product offering has proven the need for his efforts to now be focused entirely on this work. We welcome Bruce Cleaver to his new role as Group Director of Strategy and Business Development and look forward to the benefit of his experience from De Beers as we continue to flex our strategic thinking. We also congratulate Gareth Mostyn on his new role at De Beers."

"In our Brazilian iron ore business, Paulo Castellari led the Minas-Rio project through its most critical stages over the last 3½ years, ensuring that the operation was delivered safely and within its revised timeline and budget. Minas-Rio is now progressing through its 18-month ramp-up phase and I understand Paulo's decision to move on to other opportunities at this stage. Paulo has agreed to stay with the business until the end of the year and we wish him well for the future."

 Notes to editors:

Anglo American - Group Management Committee:

Mark Cutifani	Chief Executive
René Médori	Finance Director
Tony O'Neill	Technical Director
Bruce Cleaver	Group Director - Strategy and Business Development
Tony Filmer	Group Director - Human Resources (interim)
Anik Michaud	Group Director - Corporate Relations
Paulo Castellari	CEO - Iron Ore Brazil (until end 2015)
Seamus French	CEO - Coal
Chris Griffith	CEO - Platinum
Norman Mbazima	CEO - Kumba Iron Ore
Philippe Mellier	CEO - De Beers
Duncan Wanblad	CEO - Base Metals
Peter Whitcutt	CEO - Marketing

For further information, please contact:

Media		Investors
UK James Wyatt-Tilby Tel: [phone]		UK Paul Galloway Tel: [phone]
South Africa Pranill Ramchander Tel: [phone] Shamiela Letsoalo Tel: [phone]		Edward Kite Tel: [phone] Caroline Crampton Tel: + 44 (0)20 7968 2192

Anglo American is a global and diversified mining business that provides the raw materials essential for economic development and modern life. Our people are at the heart of our business. It is our people who use the latest technologies to find new resources, plan and build our mines and who mine, process and move and market our products - from bulk commodities and base metals to precious metals and diamonds (through De Beers) - to our customers around the world. Our diversified portfolio of products spans the economic development cycle and, as a responsible miner, we are the custodians of precious resources. We work together with our key partners and stakeholders to unlock the long-term value that those resources represent for our shareholders, but also for the communities and countries in which we operate - creating sustainable value and making a real difference. Our mining operations, growth projects and exploration and marketing activities extend across southern Africa, South America, Australia, North America, Asia and Europe.

www.angloamerican.com

 

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