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Anglo AmericanAnnouncement

26/04/2016 17:01

RNS Number : 8085V
Anglo American PLC
20 April 2016
20 April 2016
Anglo American's Finance Director, Ren Mdori, to retire in 2017 after 12 years
Anglo American plc ("Anglo American" or "the Company") announces that Ren Mdori, Finance Director, has informed the Board of his decision to retire when he reaches the age of 60 in 2017, in order to enable an orderly succession.
The Board is initiating a formal process to appoint a successor, which will include internal and external candidates. Mr Mdori will continue to serve in role until the appropriate time to ensure a smooth transition.
Sir John Parker, Chairman of Anglo American, said: "On behalf of the Board of Anglo American, I would like to thank Ren for his dedication and tremendous contribution over more than a decade. The cyclicality of the mining industry presents the widest array of challenges and Ren's professionalism has served the Company well."
Mark Cutifani, Chief Executive of Anglo American, added: "Ren has served Anglo American with the utmost loyalty and we understand his decision to step back in due course. I have been personally grateful for his support following my appointment as Chief Executive and in helping to establish the roadmap to a new Anglo American."
Ren Mdori commented: "It has been a great privilege to serve as Finance Director of Anglo American. With a clear strategy in place and with our asset disposal programme expected to be well advanced by the time I step down, now is the right time for the Board to consider my successor."
A further announcement will be made when appropriate.
For further information, please contact:
Media
Investors
UK
James Wyatt-Tilby
james.wyatt-tilby@angloamerican.com
Tel: +44 (0)20 7968 8759
Marcelo Esquivel
marcelo.esquivel@angloamerican.com
Tel: +44 (0)20 7968 8891
UK
Paul Galloway
paul.galloway@angloamerican.com
Tel: +44 (0)20 7968 8718
Ed Kite
edward.kite@angloamerican.com
Tel: +44 (0)20 7968 2178
South Africa
Pranill Ramchander
pranill.ramchander@angloamerican.com
Tel: +27 (0)11 638 2592
Sheena Jethwa
sheena.jethwa@angloamerican.com
Tel: +44 (0)20 7968 8680
Notes to editors:
Anglo American is a globally diversified mining business. Our portfolio of world-class competitive mining operations and undeveloped resources provides the raw materials to meet the growing consumer-driven demands of the world's developed and maturing economies. Our people are at the heart of our business. It is our people who use the latest technologies to find new resources, plan and build our mines and who mine, process and move and market our products - from diamonds (through De Beers) to platinum and other precious metals and copper - to our customers around the world.
As a responsible miner, we are the custodians of those precious resources. We work together with our key partners and stakeholders to unlock the long-term value that those resources represent for our shareholders, but also for the communities and countries in which we operate - creating sustainable value and making a real difference.
www.angloamerican.com

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