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Anglo American appoint new CEO

Mark Cutifani

Company announces appointment of Mark Cutifani as chief executive officer, with effect from 3 April 2013

ANGLO American plc have today announced the appointment of Mark Cutifani as chief executive officer, with effect from 3 April 2013. He will succeed outgoing chief executive Cynthia Carroll.

Mr Cutifani has been chief executive officer of AngloGold Ashanti Ltd, the South Africa-based gold producer, since 2007 and has led the successful restructuring and development of its business, which includes operations in 10 countries on four continents. Prior to this he was chief operating officer of CVRD Inco, the Canadian nickel company.

Mr Cutifani started his career in the coal and gold mining industries in Australia and has experience across a wide range of commodities. He has a degree in Mining Engineering and is the current President of the South African Chamber of Mines.

Commenting on the appointment, Anglo American’s chairman, Sir John Parker, said: ‘Mark Cutifani is an experienced listed company chief executive with a focus on creating value. He is a seasoned miner with broad experience of mining operations and projects across a wide range of commodities and geographies, including South Africa and the Americas.’ 

Sir John continued: ‘Mark is a highly respected leader in the global mining industry, with values strongly aligned to those of Anglo American. We look forward to welcoming him as our chief executive.’

Commenting on his appointment, Mr Cutifani said: ‘Anglo American have some of the highest-quality mining operations and projects among their diversified peer group, bound together within a company with a deep sense of responsibility.

‘I am delighted to have the opportunity to lead Anglo American at this important stage in its journey, to unlock the company’s very considerable value potential.’

Anglo American’s current chief executive, Cynthia Carroll, will step down from the board at the company’s AGM in April 2013 and will leave Anglo American at the end of that month.

Paying tribute to her leadership, Sir John said: ‘Cynthia Carroll is an inspirational leader who has had a transformational impact on Anglo American. Among many other things, her legacy will include a step change improvement in safety, sustainability and the quality of our engagement with stakeholders.’

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