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Senior management changes at Anglo American

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World Coal,

Changes to Anglo American’s senior management team have been made. According to the company this is to make sure it is committed to focusing on its 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, Whitcutt will focus on delivering the full potential of the marketing business, which has delivered commercial benefits to date that reflect product qualities and logistics tailored to customers’ specific requirements.

The new Group Director – Strategy and Business Development is Bruce Cleaver. Cleaver was the Executive Head of Strategy and Corporate Affairs for De Beers. His mandate includes the ongoing analysis of global economic and commodity specific trends to inform the Group's strategy in a more volatile market environment. 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, has elected as Executive Head of Strategy and Corporate Affairs for De Beers.

Mark Cutifani, CEO 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.”

Additionally, Paulo Castellari will step down from his position as CEO of Anglo American’s iron ore business in Brazil to pursue other opportunities.

“In our Brazilian iron ore business, Paulo Castellari led the Minas-Rio project through its most critical stages over the last 3½ years, ensuring that the operation was delivered safely and within its revised timeline and budget. Minas-Rio is now progressing through its 18-month ramp-up phase and I understand Paulo’s decision to move on to other opportunities at this stage. Paulo has agreed to stay with the business until the end of the year and we wish him well for the future,” Castellari continued.

All of these new appointments detailed above are effective 1 January 2016, although Gareth Mostyn will fulfil his year-end reporting commitments as CFO.

Edited from press release by Harleigh Hobbs

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