| Wed 23 Feb 2005, 11:46 | | Board and Management Changes |
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Anglo American plc - Anglo American Board and Management Changes
Anglo American plc
(Incorporated in the United Kingdom)
Registration number: 3564138
Share code: AGL
ISIN: GB0004901517
(the `Company`)
Anglo American Board and Management Changes
Non-Executive Directors
Anglo American plc (Anglo American) announces that Sir David Scholey, a non-
executive director since December 1999, has decided to retire at the Annual
General Meeting (AGM) to be held on April 20, 2005.
The election of Ralph Alexander as an independent non-executive director will be
proposed at the AGM on 20 April 2005.
Sir Mark Moody-Stuart, Chairman of Anglo American, said: `I would like to thank
David on behalf of the board for his significant contribution to the affairs of
the Group over the past five years. I am delighted that Ralph has agreed to join
the board where his wide international experience of operating in a major
capital-intensive business will be of great value to us.`
Mr Alexander said: `Anglo American is a world-class company and a recognised
leader in many fields. I look forward to contributing to its continued success
as a non-executive director.`
Executive Directors and Executive Board Members
Anglo American also announces that, at the AGM, it will propose the election of
David Hathorn and Simon Thompson, currently heads of Anglo American`s Paper and
Packaging and Base Metals business units respectively, as executive directors of
Anglo American, effective 20 April, 2005.
At yesterday`s board meeting the board also decided to change the name of Anglo
American`s Executive Committee to the Executive Board and appointed Tony Redman
and Lazarus Zim as members with immediate effect.
Tony Trahar, Chief Executive of Anglo American, said: `It is with great pleasure
that I and my fellow directors are recommending to shareholders the election of
David and Simon to the Anglo American board. They bring with them significant
experience and expertise in the paper and packaging and base metals businesses
and their appointments are part of a progressive programme of refreshing the
board. The appointment of Tony Redman (Technical Director and chairman of Anglo
Coal) and Lazarus Zim (CEO of Anglo American South Africa) to the Executive
Board will further strengthen the executive team.`
The Executive Board is responsible for implementing the strategies and policies
determined by the board, managing the business and affairs of the Company,
prioritising the allocation of capital, technical and human resources and
establishing best management practices.
The Executive Board presently comprises: A J Trahar (chairman), B E Davison, D A
Hathorn, R J King, A W Lea, A E Redman, S R Thompson and PL Zim.
Notes to Editors:
Ralph Alexander
Prior to taking up the post of the Chief Executive and Executive Vice President
of BP Petrochemicals in 2004, his former responsibilities at BP included
positions as Executive Vice President and Chief Executive, Gas Power and
Renewables and Group Vice President, Upstream responsible for Russia. He has
worked for BP since 1982 and prior to that worked at Exxon. His career at BP has
encompassed experience in Latin America, sub-Saharan Africa, China and Russia.
Ralph, who was born in New York and is a US citizen, holds a BA and MA in
Nuclear Engineering from the Polytechnic University in New York and an MA in
Management from Stanford University. He is 49.
David Hathorn
After studying Commerce and Chartered Accounting at the University of Natal in
Pietermaritzburg, David qualified as a chartered accountant in 1987 and joined
the Anglo American Corporate Finance function in 1989. From 1993 to 1995 he was
Finance Director of Mondi Europe, became General Manager of Mondi Europe in
1996, CEO of Mondi Europe in 2000 and finally Chairman and CEO of the Mondi
Group in 2004. He is 42.
Simon Thompson
After studying geology at University College, Oxford, Simon worked for Lloyds
Bank International from 1981 -1985 in the United Arab Emirates, Bahrain and
Egypt. In 1985 he joined N M Rothschild & Sons Limited in London, where he
worked in the Natural Resources Group. In 1994, he joined S.G. Warburg & Co.
Limited as a director in the Corporate Finance Division. In 1995 he joined
Minorco as Head of Project Finance, moving to Sao Paulo in 1997 to become
President of Minorco Brasil. In 1999 he became CEO of Anglo American`s newly
formed Zinc Division before being appointed CEO of Anglo Base Metals in 2001. He
is 45.
Tony Redman
Tony studied Mining Engineering at the Royal School of Mines, Imperial College.
He worked for Anglo American on the Zambian Copperbelt from 1970 to 1974, when
he returned to the Royal School of Mines to complete an M.Sc. In 1976 he
rejoined Anglo American at Vaal Reefs Gold Mine before moving to the Anglo Coal
Division in 1979 where he was appointed Managing Director in 1996 and Chairman
in 2002. In January 2005, Tony stood down as CEO of Anglo Coal to take up the
position of Group Technical Director of Anglo American, retaining the
Chairmanship of Anglo Coal. He is 56.
Lazarus Zim
Lazarus was appointed Chief Executive of Anglo American Corporation of South
Africa Limited (AACSA) on 1 February 2005. He joined AACSA as Deputy CEO in
South Africa in 2003. He holds a B. Com degree from Fort Hare University, a B.
Com Hons from the University of the Witwatersrand and an M. Com (Business
Economics) from Rand Afrikaans University. Before joining Anglo American, he was
Managing Director of MTN International where he led all MTN operations outside
South Africa including the establishment of MTN Nigeria. From 1994 to 2001 he
held several positions in the pay television group MIH where he became Chief
Executive Officer of MIH South Africa responsible for M-Net, SuperSport,
MultiChoice South Africa (DSTV) and Oracle Air Time Sales. He began his career
in small business development in the early 1980`s. He is 44.
N Jordan
Company Secretary
22 February 2005
Sponsor
Cazenove
