Sir John Parker to step down as Chairman

Released : 14/02/2017 11:30:00

RNS Number : 8274W
Anglo American PLC
14 February 2017
 

 

 

14 February 2017

Anglo American announces Sir John Parker's intention to step down as Chairman

 

Anglo American plc ("Anglo American") announces that Sir John Parker has informed the Nomination Committee of the Board of Anglo American of his intention to step down, after serving eight years as Chairman, during the course of 2017.

 

Sir John Parker, Chairman of Anglo American, said: "Having seen Anglo American emerge in a strong position from the mining industry downturn, with its sharp falls in commodity prices between 2014 and 2016, I believe that the time is now right for the Board to seek my successor during the course of 2017. The company, with its much restored balance sheet and a world class Board and management team, led by our Chief Executive Mark Cutifani, is well placed for the future.

 

"Chairing Anglo American has been an enormous privilege and it has also appealed to my close interest in engineering, technology and corporate turnarounds. The ability of companies to adapt, innovate and think creatively about the role they can play in society is a key ingredient of long term competitive advantage. These are qualities at the heart of Anglo American's DNA."

 

Sir Philip Hampton, Anglo American's Senior Independent Director, will now lead a process to identify candidates with appropriate global listed company boardroom experience. Sir John Parker will continue to chair the Board until such appointment is effective.

 

This announcement contains inside information.

 

 

 

For further information, please contact:

 

Media

 

Investors

UK

James Wyatt-Tilby

james.wyatt-tilby@angloamerican.com

Tel: +44 (0)20 7968 8759

 

Marcelo Esquivel

marcelo.esquivel@angloamerican.com

Tel: +44 (0)20 7968 8891

 

South Africa

Pranill Ramchander

pranill.ramchander@angloamerican.com

Tel: +27 (0)11 638 2592

 

Ann Farndell

ann.farndell@angloamerican.com

Tel: +27 (0)11 638 2786

 

UK

Paul Galloway

paul.galloway@angloamerican.com

Tel: +44 (0)20 7968 8718

 

Trevor Dyer

trevor.dyer@angloamerican.com

Tel: +44 (0)20 7968 8992

 

Sheena Jethwa

sheena.jethwa@angloamerican.com

Tel: +44 (0)20 7968 8680

 

 

 

 

 

 

 

 

 

Notes to editors:

 

Anglo American is a globally diversified mining business. Our portfolio of world-class competitive mining operations and undeveloped resources provides the raw materials to meet the growing consumer-driven demands of the world's developed and maturing economies. 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 diamonds (through De Beers) to platinum and other precious metals and copper - to our customers around the world.

 

As a responsible miner, we are the custodians of those 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.

 

www.angloamerican.com

 

     

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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