Anglo American PLC Cynthia Carroll to step down (5915P)
26 October 2012 - 5:00PM
UK Regulatory
TIDMAAL
RNS Number : 5915P
Anglo American PLC
26 October 2012
26 October 2012
Cynthia Carroll to step down as Chief Executive of Anglo
American
Anglo American plc ("Anglo American") announces that Cynthia
Carroll has decided to step down as Chief Executive, with the
Board's agreement. Cynthia will remain in her post until a
successor has been appointed and an appropriate transition has
taken place.
Cynthia Carroll was appointed to the Anglo American Board in
January 2007 and formally took over as Chief Executive in March of
that year. Under Cynthia's leadership, after a record year in 2008,
the Group successfully weathered the global financial crisis. In
2011, Anglo American again achieved record profits, for the Group
as a whole and in four of its seven Business Units, as well as
delivering three major projects from its substantial project
pipeline, enabling it to enter the current economic downturn in a
strong position.
Explaining her decision to step down, Cynthia said: "It has been
a great honour to lead Anglo American. I am extremely proud of
everything we have achieved during my period as Chief Executive and
I will always retain enormous admiration and affection for this
great company and its outstanding people. It is a very difficult
decision to leave, but next year I will be entering my seventh year
as Chief Executive and I feel that the time will be right to hand
over to a successor who can build further on the strong foundations
we have created."
Paying tribute to Cynthia, Anglo American's Chairman, Sir John
Parker, said: "Cynthia's leadership has had a transformational
impact on Anglo American. She developed a clear strategy, based on
a highly attractive range of core commodities, and created a strong
and unified culture and a streamlined organisation with a focus on
operational performance. Her legacy will include, among many other
things, a step change improvement in safety, sustainability and the
quality of our dialogue with governments, communities and other
stakeholders. Her values represent the very best of Anglo
American.
"The Board is enormously grateful to Cynthia for her dedication,
her hard work and all she has achieved. We also very much
appreciate her willingness to continue as Chief Executive until a
successor can be appointed."
The process of recruiting Cynthia's successor will now commence
and will be led by Sir John Parker, who will also actively support
the transition when the new Chief Executive has been appointed.
In addition to her executive role, Cynthia is the Chairman of
Anglo American Platinum and of De Beers and she will also
relinquish those roles when she steps down as Chief Executive of
Anglo American.
For further information, please contact:
Media Investors
UK UK
James Wyatt-Tilby Leng Lau
Tel: +44 (0)20 7968 8759 Tel: +44 (0)20 7968 8540
South Africa Caroline Crampton
Rob Pinker Tel: +44 (0)20 7968 2192
Tel: +27 (0)11 502 7300
Notes to editors:
Anglo American is one of the world's largest mining companies,
is headquartered in the UK and listed on the London and
Johannesburg stock exchanges. Anglo American's portfolio of mining
businesses spans bulk commodities - iron ore and manganese,
metallurgical coal and thermal coal; base metals - copper and
nickel; and precious metals and minerals - in which it is a global
leader in both platinum and diamonds. Anglo American is committed
to the highest standards of safety and responsibility across all
its businesses and geographies and to making a sustainable
difference in the development of the communities around its
operations. The company's mining operations, extensive pipeline of
growth projects and exploration activities span southern Africa,
South America, Australia, North America, Asia and Europe.
www.angloamerican.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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