Consolidation and Focus: Anglo American Streamlines Production Businesses into Two Regions

Consolidation and Focus: Anglo American Streamlines Production Businesses into Two Regions

(IN BRIEF) Anglo American, a global mining company, has announced significant changes to its senior management team and organizational structure. The company has appointed Al Cook as CEO of De Beers, Alison Atkinson as Projects & Development Director, and Monique Carter as People & Organisation Director. Additionally, Helena Nonka will lead a combined Strategy & Sustainability team, while Richard Price will head a combined Legal & Corporate Affairs team. Stephen Pearce will continue as Finance Director until his retirement later this year. Anglo American will consolidate its production businesses into two regions, Americas and Africa & Australia, each led by a Regional Director. The changes will take effect from July 1, 2023.

(PRESS RELEASE) LONDON, 31-May-2023 — /EuropaWire/ — Anglo American plc (LON: AAL), a global mining company with a portfolio that spans diamonds, platinum, copper, iron ore & more, is proud to announce significant changes to its senior management team and organizational structure. These changes aim to drive strategic growth, enhance operational efficiency, and reinforce the company’s commitment to sustainability.

Al Cook, an accomplished industry executive, assumed the position of CEO of De Beers in February, bringing his extensive expertise to further strengthen De Beers’ position as a premier diamond company. Alison Atkinson, a highly regarded professional, joined the company in May as Projects & Development Director, where she will play a crucial role in driving key projects and fostering sustainable development across Anglo American’s operations. Additionally, Monique Carter, a seasoned human resources leader, will join Anglo American as the People & Organisation Director, leveraging her experience to support the company’s human capital strategies and promote a high-performance culture.

Reflecting its resolute commitment to sustainability, Anglo American has appointed Helena Nonka to lead the newly established combined Strategy & Sustainability team. This integration highlights the company’s dedication to integrating sustainability into its strategy and portfolio decisions, ensuring that sustainability is an integral part of its operations. Furthermore, Richard Price will lead the newly formed combined Legal & Corporate Affairs team, reinforcing Anglo American’s integrated approach to managing its reputation among stakeholders and employees, which ultimately supports strategic delivery and business performance.

Stephen Pearce will continue to lead the Finance team until his retirement later this year. Pearce, who has served as Finance Director since early 2017, has made significant contributions to enhancing the company’s financial performance and stability. The process to appoint his successor is currently underway, with an official announcement expected in the coming months.

Anglo American will consolidate its production businesses into two regional divisions: Americas and Africa & Australia. Each region will be led by a dedicated Regional Director based in Brazil and South Africa, respectively. The Regional Directors will be responsible for ensuring safe and responsible operations, optimizing performance, exploring future opportunities, and maximizing commercial value in alignment with the company’s overall strategy. They will also work towards providing effective functional support and service delivery to their respective operations in each country.

The newly appointed Regional Directors are as follows:

• Ruben Fernandes – Regional Director, Americas
• Themba Mkhwanazi – Regional Director, Africa & Australia

To support the governance and strategic delivery of the organization as a whole, as well as enhance the performance of the production businesses, Anglo American has established an organizational structure with key directors at the helm. The Executive Leadership Team, effective from July 1, 2023, includes the following members:

• Duncan Wanblad – Chief Executive
• Stephen Pearce – Finance Director (retiring in 2023)
• Al Cook – CEO of De Beers
• Alison Atkinson – Projects & Development Director
• Helena Nonka – Strategy & Sustainability Director
• Matt Daley – Technical & Operations Director
• Monique Carter – People & Organisation Director (joining on June 5)
• Peter Whitcutt – CEO of Marketing
• Richard Price – Legal & Corporate Affairs Director
• Ruben Fernandes – Regional Director, Americas
• Themba Mkhwanazi – Regional Director, Africa & Australia
• Tom McCulley – CEO of Crop Nutrients

Monique Carter brings a wealth of experience to her role as the People & Organisation Director. She previously served as the executive vice president of People & Organisation at Novo Nordisk, a renowned life science and global healthcare company. With a background spanning engineering, chemicals, manufacturing, and retail, Carter has held senior HR positions at esteemed organizations such as GKN, AkzoNobel, and ICI. Carter holds a BA degree in Business & Psychology from the University of Luton, UK, and an Advanced Diploma in Human Resource Management. She is also a Chartered Member MCIPD of the Institute of Personnel & Development, UK.

Anglo American is a leading global mining company and our products are the essential ingredients in almost every aspect of modern life. Our portfolio of world-class competitive operations, with a broad range of future development options, provides many of the future-enabling metals and minerals for a cleaner, greener, more sustainable world and that meet the fast growing every day demands of billions of consumers. With our people at the heart of our business, we use innovative practices and the latest technologies to discover new resources and to mine, process, move and market our products to our customers – safely and sustainably.

As a responsible producer of diamonds (through De Beers), copper, platinum group metals, premium quality iron ore and steelmaking coal, and nickel – with crop nutrients in development – we are committed to being carbon neutral across our operations by 2040. More broadly, our Sustainable Mining Plan commits us to a series of stretching goals to ensure we work towards a healthy environment, creating thriving communities and building trust as a corporate leader. We work together with our business partners and diverse stakeholders to unlock enduring value from precious natural resources for the benefit of the communities and countries in which we operate, for society as a whole, and for our shareholders. Anglo American is re-imagining mining to improve people’s lives.

www.angloamerican.com

Forward-looking statements:

This document includes forward-looking statements. All statements other than statements of historical facts included in this document, including, without limitation, those regarding Anglo American’s financial position, business, acquisition and divestment strategy, dividend policy, plans and objectives of management for future operations (including development plans and objectives relating to Anglo American’s products, production forecasts and Ore Reserve and Mineral Resource positions) and environmental, social and corporate governance goals and aspirations, are forward-looking statements. By their nature, such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Anglo American or industry results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

Such forward-looking statements are based on numerous assumptions regarding Anglo American’s present and future business strategies and the environment in which Anglo American will operate in the future. Important factors that could cause Anglo American’s actual results, performance or achievements to differ materially from those in the forward-looking statements include, among others, levels of actual production during any period, levels of global demand and commodity market prices, mineral resource exploration and development capabilities, recovery rates and other operational capabilities, safety, health or environmental incidents, the effects of global pandemics and outbreaks of infectious diseases, the outcome of litigation or regulatory proceedings, the availability of mining and processing equipment, the ability to produce and transport products profitably, the availability of transport infrastructure, the impact of foreign currency exchange rates on market prices and operating costs, the availability of sufficient credit, the effects of inflation, political uncertainty and economic conditions in relevant areas of the world, the actions of competitors, activities by courts, regulators and governmental authorities such as in relation to permitting or forcing closure of mines and ceasing of operations or maintenance of Anglo American’s assets and changes in taxation or safety, health, environmental or other types of regulation in the countries where Anglo American operates, conflicts over land and resource ownership rights and such other risk factors identified in Anglo American’s most recent Annual Report. Forward-looking statements should, therefore, be construed in light of such risk factors and undue reliance should not be placed on forward-looking statements. These forward-looking statements speak only as of the date of this document. Anglo American expressly disclaims any obligation or undertaking (except as required by applicable law, the City Code on Takeovers and Mergers, the UK Listing Rules, the Disclosure and Transparency Rules of the Financial Conduct Authority, the Listings Requirements of the securities exchange of the JSE Limited in South Africa, the SIX Swiss Exchange, the Botswana Stock Exchange and the Namibian Stock Exchange and any other applicable regulations) to release publicly any updates or revisions to any forward-looking statement contained herein to reflect any change in Anglo American’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

Nothing in this document should be interpreted to mean that future earnings per share of Anglo American will necessarily match or exceed its historical published earnings per share. Certain statistical and other information about Anglo American included in this document is sourced from publicly available third party sources. As such it has not been independently verified and presents the views of those third parties, but may not necessarily correspond to the views held by Anglo American and Anglo American expressly disclaims any responsibility for, or liability in respect of, such information.

SOURCE: Anglo American