REG - Anglo American PLC - Directorate Change

Anglo AmericanAnnouncement

01/11/2023 07:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231101:nRSA0082Sa&default-theme=true

RNS Number : 0082S  Anglo American PLC  01 November 2023

Anglo American plc (the "Company")

Registered office: 17 Charterhouse Street, London EC1N 6RA

Registered number: 3564138 (incorporated in England and Wales)

Legal Entity Identifier: 549300S9XF92D1X8ME43

 

 

 

Directorate Change - Finance Director

 

Following the announcement made on 27 July 2023, the Company announces that
John Heasley will join Anglo American and its Executive Leadership Team
("ELT") as Finance Director, and as an executive director on the Board of
Anglo American plc ("the Board") on 1 December 2023.

 

Stephen Pearce, who has served as Finance Director since April 2017, will step
down from the Board and ELT with effect from the same date and has agreed to
remain employed by Anglo American until 29 February 2024 to continue to
support the transition.  His remuneration arrangements on retiring will
comprise a payment in lieu of unworked notice and good leaver treatment in
respect of outstanding share awards. Mr Pearce will receive a bonus payment
for 2023, which will be paid in cash and deferred shares as normal, and a
pro-rated bonus payment in respect of time served to 29 February 2024, which
will be paid fully in cash. Mr Pearce's unvested Long Term Incentive Plan
("LTIP") awards will be pro-rated in respect of time served to 29 February
2024 and vest at the normal time, to the extent that the performance
conditions have been satisfied. He will not receive any further awards under
the LTIP. These arrangements are in line with Anglo American's current
remuneration policy and practice. Mr Pearce will continue to receive his
normal salary, pension and benefits up to the date of cessation of employment.

 

Following his retirement, Mr Pearce will be expected to maintain a minimum
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 2023
Directors' Remuneration Report.

This notification satisfies the Company's obligations under Listing Rule
9.6.11R.

 

 

Clare Davage

Deputy Company Secretary

1 November 2023

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOAGLBDBGDGDGXB