Anglo American PLC AAL Anglo American Tarmac Lafarge JV

  Anglo American PLC (AAL) - Anglo American Tarmac Lafarge JV

RNS Number : 8943R
Anglo American PLC
23 November 2012

23 November 2012

Tarmac / Lafarge UK Joint Venture appoints Chairman, CEO and CFO


Anglo American plc ("Anglo American") and Lafarge SA ("Lafarge") announce  the 
appointments of their 50:50 UK joint  venture's (the "Joint Venture" or  "JV") 
Chairman, CEO  and CFO.  Jamie Pike  is appointed  as Non-Executive  Chairman, 
Cyrille Ragoucy as CEO and Guy Young  as CFO of the Joint Venture, which  will 
combine Tarmac's  and  Lafarge's  cement,  aggregates,  ready-mixed  concrete, 
asphalt and asphalt  surfacing and  maintenance services,  and waste  services 
businesses in  the  United  Kingdom.  The  appointments  are  subject  to  the 
completion of  the  JV  and  it  is anticipated  that  the  JV  will  commence 
operations  in  early  2013,  once  final  clearance  is  received  from   the 
Competition Commission.

The Joint Venture creates a leading UK construction materials company, with  a 
portfolio of high  quality assets  drawing on  the complementary  geographical 
distribution  of  operations  and  assets,  the  skills  of  two   experienced 
management teams  and a  portfolio of  well-known and  innovative brands.  The 
Joint Venture's  complementary geographical  and product  portfolios are  also 
expected to create a  business optimally positioned  to benefit from  economic 

Cynthia Carroll, Chief Executive of Anglo American and Bruno Lafont,  Chairman 
and Chief  Executive of  Lafarge said:  "We welcome  Jamie Pike  as the  Joint 
Venture's Chairman, Cyrille Ragoucy as CEO and  Guy Young as CFO of the  Joint 
Venture,  a  new  business  which   brings  together  two  high  quality   and 
complementary UK businesses  to create a  compelling new industry  proposition 
through which we expect to unlock significant value. Jamie brings more than 20
years of experience from  an array of  industrial and manufacturing  business, 
providing strong balance  to the  impressive management team  drawn from  both 

For further information, please contact:

Anglo American

Media                     Investors
James Wyatt-Tilby         Leng Lau

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

Emily Blyth               Sarah McNally

Tel: +44 (0)20 7968 8481   Tel: +44 (0)20 7968 8747




Caroline Ryan
Stéphanie Billet

Tel: + 33(0) 1 44 34 92 51 Tel:
+33 (0) 1 44 34 9371

Mélanie Coviaux
Danièle Daouphars 

Tel: +33(0) 1 44 34 18 18 Tel:
+33 (0) 1 44 34 11 51

WinklerLaurence Le

Tel: + 33(0) 1 44 34 11 70  Tel:
+33 (0) 1 44 34 94 59

                              Notes to editors:

Jamie Pike, (57)  is Non-Executive Chairman  of Lupus Capital  plc, a  leading 
international supplier of building products  to the door and window  industry, 
RPC Group PLC, a leading international supplier of rigid plastic packaging and
MBA Polymers  Inc, a  private US  plastics recycling  business. He  was  Chief 
Executive of Foseco  plc, an  international business serving  the foundry  and 
steel making industries, until its acquisition  by Cookson Group plc in  April 
2008. He  led  the  buy-out of  Foseco  from  Burmah Castrol  in  2001,  which 
culminated in flotation on the main market  in 2005. He has previously been  a 
Non-Executive Director of  two FTSE  250 companies,  RMC Group  plc and  Kelda 
Group plc. And Chairman of the Defence Support Group His early career was as a
consultant with Bain and Co and A  T Kearney before joining Burmah Castrol  in 
1991. He rose to  Chief Executive of Burmah  Castrol Chemicals before  leading 
the Foseco buy-out. Mr Pike was educated  at Oxford, holds an MBA from  INSEAD 
and is a Member of the Institute of Mechanical Engineers.

Cyrille Ragoucy, (56), is Senior Vice President Health and Safety for Lafarge.
From 2005 to  2009, he  was CEO and  Regional President  for Lafarge's  cement 
operations in  China ("Lafarge  Shui On  Cement"), at  the formation  of  this 
joint-venture, which  he successfully  led during  its forming  and  expanding 
phases. During  this period,  he was  responsible for  25 plants  and  10,000 
people. Prior to this,  he was Regional  President for Aggregates,  Concrete, 
Asphalt and Paving  for Lafarge  in Eastern  Canada (1999  to 2005).  Cyrille 
Ragoucy joined the  Lafarge group in  1998 as VP  Cement Strategy for  Lafarge 
North America.

Guy Young,  (43)  has  been  CFO  of Tarmac  for  the  last  two  years,  with 
responsibility for Tarmac's financial, IT and legal operations, as well as the
pre-integration planning  for  the joint  venture.  Guy has  been  with  Anglo 
American for 15 years  in a variety  of roles, including  CFO of Scaw  Metals, 
Group Procurement  and  within the  CEO's  Office.  Guy was  educated  at  The 
University of Cape Town  and qualified as a  chartered accountant after  doing 
articles at Deloitte.

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 

Lafarge is the world leader in building materials, with top-ranking  positions 
in all  of its  businesses: Cement,  Aggregates &  Concrete and  Gypsum.  With 
76,000 employees in 78 countries, Lafarge  posted sales of Euros 16.2  billion 
in 2010. Lafarge was ranked 6th in the "Carbon Disclosure Project" and entered
the global "Dow  Jones Sustainability  Index" in  2010 in  recognition of  its 
sustainable development actions. With  the world's leading building  materials 
research facility, Lafarge places innovation  at the heart of its  priorities, 
working for sustainable construction and architectural creativity. Additional
information is available on the web site at

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


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