Mining giant Anglo American has appointed Mark Cutifani of AngloGold Ashant as Chief Executive to replace Cynthia Carroll.
Cutifani will take the reins in April with a pay packet worth around £2.38m, including salary and bonuses.
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This includes operations in ten countries on four continents.
Anglo American's Chairman, Sir John Parker, said Cutifani is an experienced listed company chief executive with a focus on creating value.
"He is a seasoned miner, with broad experience of mining operations and projects across a wide range of commodities and geographies, including South Africa and the Americas," he said.
"Mark is a highly respected leader in the global mining industry, with values strongly aligned to those of Anglo American."
Cynthia Carroll, the first woman and non-South African to run the company, announced she was leaving in October.
This followed pressure from some shareholders who were concerned about profit levels.
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