REG - Anglo American PLC - Anglo American senior leadership changes

Anglo AmericanAnnouncement

30/11/2022 07:00

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RNS Number : 0007I  Anglo American PLC  30 November 2022

 30 November 2022
 Anglo American senior leadership changes following Tony O'Neill's decision to
 retire

Anglo American plc ("Anglo American") announces that Tony O'Neill, Technical
Director, has decided to retire and will step down from his role and from the
Group Management Committee on 31 December 2022, after more than nine years. Mr
O'Neill will also step down from the Board of Anglo American on the same date.

 

Duncan Wanblad, Chief Executive of Anglo American, said: "We thank Tony
O'Neill for his enormous contribution to Anglo American. Tony's determined
vision for a modern and more sustainable future for the mining industry that
embraces technology to transform safety, productivity and our environmental
footprint has shown us what's possible. Given how critical the products of
mining are to people's everyday lives and to the urgent energy transition, it
is our duty to supply those products responsibly. Tony has set us squarely on
that path to fundamentally change for the better how our stakeholders
experience mining."

 

Stuart Chambers, Chairman of Anglo American, added: "Tony has been a leading
figure in the mining industry for many years, articulating the need for change
in many of the industrial processes that have prevailed for decades and
longer. His tenacity has opened the door to a host of technologies and digital
applications that are increasingly relevant to sustain mining's social licence
to operate and improve the investment case for accessing orebodies that are
vital for future supply. On behalf of the Board, we wish Tony a happy and long
retirement."

 

Tony O'Neill commented: "I have felt so privileged to lead such an inspiring
team that has shared in my overwhelming desire to change the future of mining
for the better - for people and our planet. I believe that Anglo American is
well on the way to realising the full value that is inherent in both the
portfolio and the capabilities we have built, as well as in the opportunities
to access and develop new resources to meet the increasingly apparent demand
trends. I thank my fellow GMC members, the Board and all my colleagues across
Anglo American for everything we have achieved together."

 

Following Mr O'Neill's decision, the role will be divided into two to
facilitate the next phase of prioritisation for Anglo American's technical
disciplines to best support business performance: Matt Daley is appointed as
Group Director - Technical, while the process to appoint the Group Director -
Projects & Development is well advanced, with an announcement to be made
in due course.

 

 

Group Director - Technical

 

Mr Daley will take up his new role as Group Director - Technical and join the
Group Management Committee of Anglo American with effect from 1 January 2023.

 

Mr Wanblad added: "I congratulate Matt on his appointment, responsible for
driving best practice levels of operational and technical excellence that will
help us deliver safe and stable production from our mineral assets - and on a
repeatable basis. As Group Head of Mining since 2017, Matt has led the
transformation of many of our in-mine activities, while demonstrating the
potential offered by achieving new benchmarks in equipment performance. Now we
must embed that mindset consistently across our sites, with safety and
reliability our primary focus."

 

Matt Daley said: "We have shown what we can achieve in our mining operations
through a deliberate and an innovative mindset to set new performance
benchmarks. I am excited to take on this new role and to drive that momentum
across all our operational activities, from discovery to mining and
processing. I believe that we can deliver further productivity improvements
across the board, consistently and above all safely."

 

 

Remuneration arrangements

 

Tony O'Neill will step down from his role as technical director and from the
Board on 31 December 2022 and he has agreed to be available to ensure a smooth
handover until retiring on 30 June 2023. On his retirement, Mr O'Neill will
receive good leaver treatment in respect of outstanding share awards. His
outstanding LTIP awards will be pro-rated in respect of time served to 30 June
2023 and will vest at the normal time, to the extent that the performance
conditions have been satisfied. These arrangements are in line with Anglo
American's current remuneration policy and practice. Mr O'Neill will continue
to receive his normal salary, pension and benefits up to 30 June 2023. He will
not receive an annual bonus or LTIP award for 2023.  Following his
retirement, Mr O'Neill will be expected to maintain a holding of Anglo
American shares of three times his salary on cessation, for a period of two
years.

 

Full details of these remuneration arrangements will be set out in the 2022
Directors' Remuneration Report.

 

This announcement satisfies Anglo American's disclosure obligations in
accordance with Listing Rule 9.6.11R.

 

 

Notes to editors:

 

Matt Daley is a mining engineer with more than two decades of underground,
open cut, smelting, refining, project and commodity trading experience. He has
lived and worked in Australia, South America, North America, the UK and the
Middle East. Prior to joining Anglo American in 2017 as Group Head of Mining,
Matt was the Executive General Manager for Glencore Canada based in Toronto
and served as a non-executive director on the board of PolyMet Mining. He has
previously worked for Xstrata and Minera Alumbrera and started his career with
Mount Isa Mines in Queensland, Australia. Matt holds a B.Eng. Mining
Engineering (Hons) from the University of South Australia and has completed
post graduate studies in Finance and Investment.

 

 

Following Mr O'Neill's retirement from the Board, Anglo American's Board of
Directors will comprise:

 

 Chairman         Executive directors                 Non-executive directors
 Stuart Chambers  Duncan Wanblad - chief executive    Ian Ashby

                  Stephen Pearce - finance director   Marcelo Bastos

                                                      Hilary Maxson

                                                      Hixonia Nyasulu

                                                      Nonkululeko Nyembezi

                                                      Ian Tyler

 

 

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)

 

 

 

 

 

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                                                                       Tel: +44 (0)20 7968 1494

 Nevashnee Naicker

 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

 

 

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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