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7 June 2017 |
Anglo American appoints Stuart Chambers as Chairman |
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Anglo American plc ("Anglo American"), announces the appointment of Stuart Chambers as Chairman. Mr Chambers will join the Board of Anglo American as a non-executive director and Chairman Designate on 1 September 2017 and will become Chairman on 1 November 2017. Mr Chambers succeeds Sir John Parker who announced in February 2017 his intention to step down during the course of the year, after serving eight years as Chairman. Sir John Parker will step down from the Board on 31 October 2017.
Mr Chambers was Chairman of ARM Holdings plc and of Rexam plc until 2016. In recent years, he has served as a non-executive director on the boards of Smiths Group plc and Tesco plc, amongst others, following an executive career at Nippon Sheet Glass (formerly Pilkington), Mars Corporation and Shell, where he began his career as a chemical engineer.
Sir John Parker, Chairman of Anglo American, said: "I am delighted to welcome Stuart Chambers to Anglo American as my successor as Chairman. Stuart's breadth of global executive experience, in addition to chairing two FTSE100 companies and serving on the board of several other international companies across the industrial, logistics and consumer sectors over the last 15 years, stands him in excellent stead. On behalf of the Board, I thank Sir Philip Hampton for his leadership of the process to identify and appoint Stuart to the role and I wish Stuart and the entire Board every success."
Stuart Chambers said: "It is a great privilege to be appointed Chairman of a company as iconic as Anglo American, in this its centenary year. Anglo American has emerged from the commodity price downturn more resilient and with a renewed sense of purpose, both strategically and in terms of the role it plays in society. I am really looking forward to working with the Board and the executive team led by Mark Cutifani to ensure that Anglo American continues to go from strength to strength."
Mark Cutifani, Chief Executive of Anglo American, added: "I am looking forward to working with Stuart as we continue our rebuilding of Anglo American. Stuart has led and chaired major global businesses with many parallels to our organisation, in areas such as manufacturing process and technology led innovation. We have materially restored Anglo American's balance sheet and transformed the business performance over the last three years, and our task now is to unlock the very considerable value that we can see from our world-class asset base. Sir John Parker has chaired Anglo American through challenging times with his trademark even hand and focus on the critical business issues. I have valued his guidance enormously. On behalf of all our employees around the world and the Board, I thank Sir John for his tireless leadership over the past eight years and wish him the very best for the future."
Notes to editors:
Stuart Chambers, age 61, served as Chairman of ARM Holdings plc and Rexam plc until 2016. He has served as a non-executive director on the boards of Tesco plc (2010-15), Manchester Airport Group plc (2010-13), Smiths Group plc (2006-2012) and Associated British Ports Holdings plc (2002-06).
His executive career included 13 years at Pilkington plc and its subsequent parent company Nippon Sheet Glass until 2010, in a number of executive roles and ultimately as chief executive of both companies. Prior to that, Stuart gained 10 years of sales and marketing experience at Mars Corporation, following 10 years at Shell. Stuart is a member of the UK Takeover Panel, holds a Bachelor of Science degree in Applied Physics from University College London and is a qualified chemical engineer.
There are no additional details to disclose under Listing Rule 9.6.13R in respect of the appointment of Stuart Chambers.
This announcement contains inside information.
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 to our customers around the world.
As a responsible miner - of diamonds (through De Beers), platinum and other precious metals, copper, nickel, iron ore and coal - we are the custodians of what are precious natural resources. We work together with our key partners and stakeholders to unlock the long-term value that those resources represent for our shareholders and for the communities and countries in which we operate - creating sustainable value and making a real difference.
www.angloamerican.com
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