| Thu 19 Jan 2012, 12:33 | | AGL - Anglo American Plc - De Beers appoints Gareth Mostyn as Chief Financial |
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AGL
ANAAL
AGL - Anglo American Plc - De Beers appoints Gareth Mostyn as Chief Financial
Officer
Anglo American plc ("the Company")
Incorporated in the United Kingdom
(Registration number: 3564138)
Short name: Anglo
Share code: AGL
ISIN number: GB00B1XZS820
De Beers appoints Gareth Mostyn as Chief Financial Officer
De Beers has today announced its appointment of Gareth Mostyn as Chief Financial
Officer. Gareth is currently Group Head of Corporate Finance at Anglo American
and will take up his new role at De Beers on 1 February 2012.
The full text of De Beers` announcement is set out below:
The Board of De Beers s.a. announces the appointment of Gareth Mostyn as the
company`s Chief Financial Officer. He will report directly to Philippe Mellier,
De Beers Group CEO, and be appointed to the Board of De Beers s.a.
A qualified Chartered Accountant, Mr. Mostyn will join De Beers from Anglo
American plc, where he has served as Head of Corporate Finance reporting to
Finance Director, Rene Medori. Mr. Mostyn has been with Anglo American since
2008, prior to which he spent twelve years with The BOC Group plc (latterly a
member of The Linde Group), a leading global gas and engineering company.
Mr. Mostyn brings extensive corporate and operational finance experience to De
Beers, having played a leading role in a number of Anglo American`s major
transactions, the company`s capital management, and its overall financial
strategy. At an operational level, Mr. Mostyn has worked closely with Anglo
American`s business units around the world, focusing on major capital projects
and organisational alignment, with substantial experience in South Africa.
During his time with Anglo American, Mr. Mostyn developed a good understanding
of the De Beers Group, gaining significant exposure to the business through the
development of mining projects in southern Africa and Canada, and through De
Beers` refinancing process.
Commenting on the appointment, Mr. Mellier said, "I am pleased to be able to add
Gareth to De Beers` management team. He is already familiar with our business,
and will bring that knowledge, hands on experience and proven track record to
the role. As CFO, Gareth will be instrumental in sharpening our strategic focus
and helping to identify value creating opportunities."
Mr. Mostyn commented, "I am grateful for the confidence placed in me by Philippe
and De Beers` shareholders. This is an exciting time for the diamond business
and we have a unique opportunity in front of us to secure De Beers` long-term
leadership position in this changing market. I am thrilled to be joining an
iconic company with a strong heritage and incomparable product, and look forward
to working with our producer partners, Sightholders and colleagues to build on
our shared success."
Mr. Mostyn will begin in his new role on 1 February 2012 and will be based in
London.
Notes to editors:
Anglo American is one of the world`s largest mining companies, is headquartered
in the UK and listed on the London and Johannesburg stock exchanges. Anglo
American`s portfolio of mining businesses spans bulk commodities - iron ore and
manganese, metallurgical coal and thermal coal; base metals - copper and nickel;
and precious metals and minerals - in which it is a global leader in both
platinum and diamonds. Anglo American is committed to the highest standards of
safety and responsibility across all its businesses and geographies and to
making a sustainable difference in the development of the communities around its
operations. The company`s mining operations and extensive pipeline of growth
projects are located in southern Africa, South America, Australia, North America
and Asia. www.angloamerican.com
19 January 2012
Sponsor: UBS South Africa (Pty) Ltd
Date: 19/01/2012 12:33:01 Produced by the JSE SENS Department.
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