| Wed 22 Feb 2006, 9:21 | | Anglo American plc - Anglo American - Senior Manag |
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AGL
ANAAL
Anglo American plc - Anglo American - Senior Management Change
Anglo American plc
(Incorporated in the United Kingdom)
Registration number: 3564138
Share code: AGL
ISIN: GB0004901517
Senior management changes - Anglo American South Africa
Lazarus Zim to pursue platinum BEE venture
At the end of 2005, Anglo American plc announced the restructuring of its
operations, focusing on a core group of mining activities. With regard to
Platinum, Anglo American also announced that it is exploring options as to how
growth and investment can best be supported alongside an appropriate BEE
transaction. Lazarus Zim, CEO of Anglo American South Africa (AASA) has
indicated a desire to become involved in the future empowerment of the mining
sector and specifically with the BEE structures being developed for Anglo
Platinum. Given his extensive past experience in Africa, he also intends to
establish his own Pan African investment vehicle.
When the proposals for a further Platinum empowerment transaction have been
developed, it is envisaged that Lazarus will play a key role in creating a broad
based Platinum empowerment consortium alongside Anglo Platinum"s existing BEE
partners.
In support of these intentions, AASA and Lazarus have agreed that he should
relinquish his executive responsibilities in the Group and his directorship of
Anglo Platinum. However, it is our joint intention that he will maintain a
strong involvement with the Group. He will be Chairman of Kumba Iron Ore, a
member of the AASA board and Chairman of its Transformation Committee and a
board member of AngloGold Ashanti and Mondi South Africa. In addition, Lazarus
will work closely with Anglo American to develop further business opportunities
in other parts of Africa and he will also carry out various consulting duties
for the group. Anglo will continue to support him in his role as President of
the Chamber of Mines.
Philip Baum is appointed Acting CEO of AASA, as well as continuing as Chairman
of the Ferrous Metals and Industries division. Philip will work closely with
Lazarus and the Transformation Committee on further transformation, employment
equity, BEE procurement and support for small and medium enterprises.
Tony Trahar, CEO Anglo American plc, has decided that, in view of his increasing
global responsibilities, the time is right for him to stand down as Chairman of
AASA and we are delighted that Fred Phaswana, a non-executive director of Anglo
American plc and Chairman of Transnet, has agreed to serve in this role and will
continue as a member of the Transformation Committee.
These changes take effect on 1 May 2006.
Commenting, Tony Trahar said "Lazarus has achieved great success in a relatively
short time with the Group. We are delighted that he will work with Anglo
Platinum and AASA on transformation projects and that he will continue to have a
very close association with the Group as a board member of AASA and in working
with us on other business development activities".
Lazarus Zim commented "I have really enjoyed my executive role with Anglo and
have enjoyed leading the transformation of the Group both internally and
externally. The next phase of my relationship with Anglo is very exciting and I
look forward to becoming involved in a further platinum empowerment transaction
as well as working with the Group on other business development activities
throughout Africa. I am truly grateful to Anglo American for affording me this
great opportunity. I wish Fred and Philip every success in their new roles".
22 February 2006
For further information:
Anglo American - London
Investor Relations
Charles Gordon
Tel: +44 207 968 8933
Media Relations
Kate Aindow
Tel: +44 207 968 8619
Anglo American - Johannesburg
Investor Relations
Anne Dunn
Tel: +27 11 638 4730
Media Relations
Daniel Ngwepe
Tel: +27 11 638 2267
Notes to Editors:
Anglo American plc is one of the world"s largest mining and natural resource
groups. With its subsidiaries, joint ventures and associates, it is a global
leader in platinum, gold and diamonds, with significant interests in coal, base
and ferrous metals, industrial minerals and paper and packaging. The group is
geographically diverse, with operations in Africa, Europe, South and North
America, Australia and Asia. (www.angloamerican.co.uk)
Date: 22/02/2006 09:21:27 AM Produced by the JSE SENS Department
