REG - Anglo American PLC - Anglo American leadership changes – De Beers

Anglo AmericanAnnouncement

10/10/2022 07:00

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RNS Number : 2542C  Anglo American PLC  10 October 2022

 10 October 2022
 Anglo American leadership changes - De Beers

Anglo American plc ("Anglo American") announces the appointment of Al Cook as
CEO of De Beers Group and Bruce Cleaver, current CEO of De Beers Group, as
Co-Chairman of De Beers Group, both with effect from early 2023.

 

Duncan Wanblad, Chief Executive of Anglo American and Chairman of De Beers
Group, said: "Together with our partners in De Beers, we congratulate Al Cook
on his appointment as CEO of De Beers Group following Bruce Cleaver's decision
to step back after six years to a non-executive role. Al Cook brings more than
25 years of international leadership experience, gained predominantly at BP
and Equinor, most recently leading Equinor's multi-billion dollar global
E&P business across Africa, the Americas and Europe. He previously led
Equinor's global strategy and business development, developing the company's
net zero strategy. I believe Al's multi-disciplinary strategic skillset and
strong personal conviction and values are ideally suited to the nature of De
Beers, a global business that spans much of the spectrum from exploration and
mining to Bond Street and Madison Avenue."

 

Al Cook commented: "I am honoured to have the opportunity to lead the company
behind the world's leading diamond brand - De Beers. I look forward to working
closely with De Beers' people, customers, governments and other stakeholders
to ensure that De Beers continues to lead the industry and deliver sustainable
and purpose-driven value. Throughout my career, I have been passionate about
bringing enduring economic, social and environmental value to host countries
and communities. I deeply recognise the importance of De Beers' approach to
responsible mining - most notably in Botswana, Namibia and South Africa. It is
our responsibility to work with the industry on continuing to fulfil the true
promise of diamonds."

 

Duncan Wanblad added: "Bruce has led De Beers with distinction, evolving the
Company's strategic vision to ensure that consumers' desire for diamond
jewellery is at the very heart of decision making across the diamond pipeline,
while leading a safety transformation to ensure employee safety and wellbeing
are recognised as the first priority and a shared responsibility. He has
successfully steered De Beers through a period of considerable change over the
last six years, including leading the way through technology to provide
consumers with absolute assurance of the ethical provenance of their diamonds.
Bruce has successfully expanded De Beers' horizons for the longer term and
reinforced the company's unquestioned leadership position, exemplified by De
Beers' Building Forever sustainability framework to ensure an enduring
positive diamond legacy. I look forward to his contribution as Co-Chairman,
ensuring the greatest continuity for the business and our partners and
stakeholders."

 

Bruce Cleaver said: "It has been a tremendous privilege for me to lead such an
iconic company as De Beers with its rich history, great people and culture,
and truly unique product offering. I would like to pay tribute to all those
who have supported me along the way - including all my De Beers Group and
Anglo American colleagues, the representatives of our partner governments, the
De Beers Sightholder community and countless others within and outside the
diamond trade. I am proud of all that we have achieved together during this
period, despite the major challenges we have faced along the way. I believe
the diamond industry in general, and De Beers Group in particular, have a
hugely exciting future ahead and I look forward to working closely with Al and
the leadership team to ensure we continue to take the business and the
industry to new heights."

 

 

 

For further information, please contact:

 

 Media                                                                              Investors

 UK                                                                                 UK

 James Wyatt-Tilby                                                                  Paul Galloway

 james.wyatt-tilby@angloamerican.com                                                paul.galloway@angloamerican.com (mailto:paul.galloway@angloamerican.com)
 (mailto:james.wyatt-tilby@angloamerican.com)

                                                                                  Tel: +44 (0)20 7968 8718
 Tel: +44 (0)20 7968 8759

                                                                                  Emma Waterworth
 Marcelo Esquivel                                                                   Emma.waterworth@angloamerican.com (mailto:Emma.waterworth@angloamerican.com)

Tel: +44 (0) 20 7968 8574
 marcelo.esquivel@angloamerican.com (mailto:marcelo.esquivel@angloamerican.com)

 Tel: +44 (0)20 7968 8891

                                                                                  Michelle Jarman

                                                                                  michelle.jarman@angloamerican.com (mailto:michelle.jarman@angloamerican.com)
 South Africa

 Nevashnee Naicker                                                                  Tel: +44 (0)20 7968 1494

 nevashnee.naicker@angloamerican.com

 Tel: +27 (0)11 638 3189

 Sibusiso Tshabalala

 sibusiso.tshabalala@angloamerican.com
 (mailto:sibusiso.tshabalala@angloamerican.com)

 Tel: +27 (0)11 638 2175

Notes to editors:

 

Al Cook is executive vice president of exploration and production
international for Equinor ASA, the Norway-based global energy company. Al is
responsible for operations in 12 countries across Africa, North America, South
America and Europe. Previously, he held the role of executive vice president
for global strategy and business development as Equinor created a net zero
strategy and reshaped its portfolio for the energy transition. He joined
Equinor after a 20-year career at BP that spanned a number of corporate,
commercial and operational and major project development roles, including
serving as Chief of Staff to the CEO. Al holds an MA in Natural Sciences from
St. John's College, Cambridge University in the UK and completed the
International Executive Programme at INSEAD, France. Al is a trustee of the
Power of Nutrition charity, which helps address malnutrition in children
across Africa and Asia.

 

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 (http://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.

 

Legal Entity Identifier: 549300S9XF92D1X8ME43

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