Anglo American PLC AAL Cynthia Carroll to step down

  Anglo American PLC (AAL) - Cynthia Carroll to step down

RNS Number : 5915P
Anglo American PLC
26 October 2012




                                
26 October 2012
Cynthia Carroll to step down as Chief Executive of Anglo American




Anglo American  plc  ("Anglo American")  announces  that Cynthia  Carroll  has 
decided to step down as Chief Executive, with the Board's agreement.  Cynthia 
will remain  in  her  post  until  a  successor  has  been  appointed  and  an 
appropriate transition has taken place.



Cynthia Carroll was appointed to the Anglo American Board in January 2007  and 
formally took over as Chief Executive in March of that year. Under  Cynthia's 
leadership, after a record year in 2008, the Group successfully weathered  the 
global financial  crisis.  In  2011, Anglo  American  again  achieved  record 
profits, for the Group as a whole and in four of its seven Business Units,  as 
well as delivering three major projects from its substantial project pipeline,
enabling it to enter the current economic downturn in a strong position.



Explaining her  decision to  step down,  Cynthia said:  "It has  been a  great 
honour to lead  Anglo American. I  am extremely proud  of everything we  have 
achieved during my period as Chief Executive and I will always retain enormous
admiration and affection for this  great company and its outstanding  people. 
It is a very difficult decision to leave, but next year I will be entering  my 
seventh year as Chief Executive and I feel that the time will be right to hand
over to a successor who  can build further on  the strong foundations we  have 
created."



Paying tribute to Cynthia, Anglo  American's Chairman, Sir John Parker,  said: 
"Cynthia's leadership has  had a transformational  impact on Anglo  American. 
She developed a  clear strategy, based  on a highly  attractive range of  core 
commodities, and  created  a strong  and  unified culture  and  a  streamlined 
organisation with  a  focus  on  operational  performance.  Her  legacy  will 
include, among  many  other  things,  a step  change  improvement  in  safety, 
sustainability and the quality of  our dialogue with governments,  communities 
and other stakeholders. Her values represent the very best of Anglo American.



"The Board is enormously grateful to Cynthia for her dedication, her hard work
and all she  has achieved. We  also very much  appreciate her willingness  to 
continue as Chief Executive until a successor can be appointed."



The process of recruiting  Cynthia's successor will now  commence and will  be 
led by Sir John Parker, who will also actively support the transition when the
new Chief Executive has been appointed.



In addition to her executive role,  Cynthia is the Chairman of Anglo  American 
Platinum and of De  Beers and she  will also relinquish  those roles when  she 
steps down as Chief Executive of Anglo American.









For further information, please contact:



Media                     Investors
UK                        UK

James Wyatt-Tilby          Leng Lau

Tel: +44 (0)20 7968 8759   Tel: +44 (0)20 7968 8540

                           
                         Caroline Crampton

                          Tel: +44 (0)20 7968 2192

South Africa

Rob Pinker

Tel: +27 (0)11 502 7300
                         



                              Notes to editors:



Anglo  American  is  one   of  the  world's   largest  mining  companies,   is 
headquartered in  the UK  and  listed on  the  London and  Johannesburg  stock 
exchanges.  Anglo  American's  portfolio  of  mining  businesses  spans   bulk 
commodities - iron  ore and  manganese, metallurgical coal  and thermal  coal; 
base metals - copper and nickel; and  precious metals and minerals - in  which 
it is  a global  leader in  both  platinum and  diamonds. Anglo  American  is 
committed to the highest standards of safety and responsibility across all its
businesses and  geographies and  to  making a  sustainable difference  in  the 
development of the  communities around  its operations.  The company's  mining 
operations, extensive pipeline of  growth projects and exploration  activities 
span southern  Africa,  South  America, Australia,  North  America,  Asia  and 
Europe.

www.angloamerican.com

















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

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BOADGBDGCGDBGDU -0- Oct/26/2012 06:00 GMT