Anglo American announces some senior management changes

Anglo American plc announced a number of senior management changes to enable dedicated focus on both the Group’s Marketing business and the evolution of the strategy.

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. He 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 is to play the role of 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 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.”

Anglo American also announced 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.