New Chief Executive for Anglo American

Mining giant Anglo American has appointed Mark Cutifani of AngloGold Ashant as Chief Executive to replace Cynthia Carroll.

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.

He has been Chief Executive Officer of AngloGold Ashanti, the South Africa-based gold producer, since 2007 and led the restructuring and development of its business.

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.

Recommended

How to profit from pampered pets beyond the pandemic
Share tips

How to profit from pampered pets beyond the pandemic

Covid-19 has greatly boosted ownership. But the market had been expanding for years, and demographic, cultural and medical trends all point to long-te…
30 Jul 2021
Share tips of the week – 30 July
Share tips

Share tips of the week – 30 July

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
30 Jul 2021
Robinhood is going public – should you invest?
US stockmarkets

Robinhood is going public – should you invest?

Online stockbroking app Robinhood is going public on the US stock exchange. Saloni Sardana looks at whether it's worth a punt.
29 Jul 2021
Three sustainable stocks that are doing well by doing good
Share tips

Three sustainable stocks that are doing well by doing good

Professional investor Peter Michaelis of the Liontrust Sustainable Investment Team picks three stocks to buy that are helping to create a cleaner, saf…
26 Jul 2021

Most Popular

Why the UK's 2.5% inflation is a big deal
Inflation

Why the UK's 2.5% inflation is a big deal

After years of inflation being a financial-assets problem, it is now an “ordinary things” problem too, says Merryn Somerset Webb. But central banks st…
16 Jul 2021
The MoneyWeek Podcast: Asia, financial repression and the nature of capitalism
Economy

The MoneyWeek Podcast: Asia, financial repression and the nature of capitalism

Russell Napier talks to Merryn about financial repression – or "stealing money from old people slowly" – plus how Asian capitalism is taking over in t…
16 Jul 2021
Three companies that are reaping the rewards of investment
Share tips

Three companies that are reaping the rewards of investment

Professional investor Edward Wielechowski of the Odyssean Investment Trust highlights three stocks that have have invested well – and are able to deal…
19 Jul 2021