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HomeBreadcrumbCalendarsBreadcrumbNational AffairsBreadcrumbSouth Africa Affairs

New Anglo American CEO takes up position

Wednesday 3 April 2013
London, United Kingdom

Published: 8 Jan 2013 | By mariamartens and 3 others | Last updated: 21 Mar 2013
   
New Anglo American CEO takes up position -
Gold mine
flickr-woodleywonderwor...

Mark Cutifani takes up the position of Anglo America's new Chief Executive. 


The Australian national replaces Cynthia Carroll who announced on October 2012 that, after serving as CEO for 5 years, she would be stepping down due to pressure from company shareholders. Following the announcement, shares in the company went up by 2.3 percent in the early trading on the London Stock Exchange. 


Anglo American is the world's largest producer of platinum, delivering about 40 percent of the entire global output. The mining company also deals with diamonds, copper, nickel, iron ore and thermal coal. 


To assume the role of CEO for Anglo American, Cutifani leaves his position as the Chief Executive of AngloGold, a South African mining company. His experience in the region contributed to his new appointment, since Anglo American derives more than half of its earnings from projects based in South Africa. 


According to Anglo American Chairman John Parker, Cutifani is a "highly respectable leader in the sector", with "broad experience of mining operations and projects across a wide range of commodities and geographies."

Sources
Anglo American names its next chief executive www.bbc.co.uk
Anglo American Appoints New CEO www.foxbusiness.com
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Created by mariamartensCreated by mariamartens
on Tue 8 Jan 2013
Modified by Eva HSLast modified by Eva HS
on Thu 21 Mar 2013
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Location: London, United Kingdom
Date: Wednesday 3 April 2013
Duration: 1 day
Planning: confirmed
Ended: 77 days ago

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