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AMS AMSP
ANANP
Anglo Platinum - Fred Phaswana becomes chairman of Anglo Platinum
Anglo Platinum Limited
Registration number: 1946/022452/06
JSE codes : AMS; AMSP
ISIN : ZAE000013181; ZAE000054474
("Anglo Platinum")
FRED PHASWANA BECOMES CHAIRMAN OF ANGLO PLATINUM
Anglo Platinum announces that on 6 November 2006 Fred Phaswana succeeded
Barry Davison as Chairman of Anglo Platinum Limited.
Fred Phaswana is a member of the Board of Anglo American plc, Chairman of
both Anglo American South Africa and Transnet, Chairman of Ethos Private
Equity and a non executive director of Naspers.
Mr Phaswana (61), has had extensive experience in the resources industry,
having worked for BP in a number of countries and capacities in both Africa
and Europe since the 1960s. Until June 2002 he was BP Regional President:
Africa, a position he assumed in 1999. Before that he was Director BP Oil
(Benelux) and Associate President BP Netherlands (1992) and Chairman and
Chief Executive BP Southern Africa (1995). Mr Phaswana is widely involved
in public life in southern Africa, chairing the South African Institute of
International Affairs. He is a trustee of the South African Institute of
Advancement.
Barry Davison will retire at the year end after 33 years with Anglo
American group companies, including 18 years with the Group"s platinum
interests where he served at various times as CEO, Executive Chairman and
most recently as Non Executive Chairman. Barry retired as an executive
director of Anglo American plc at the end of last year.
Commenting on the appointment, Barry Davison said: "We are very pleased to
welcome Fred Phaswana to the Board. He brings broad experience of large-
scale natural resources business, especially in Africa. He is widely
respected and the Board will be strengthened by his judgment and
perspectives.
My years with the Anglo Group and in particular Anglo Platinum have been
challenging and most rewarding. The markets for platinum group metals have
grown enormously and Anglo Platinum has more than doubled its production,
retaining its position as the world leader. I know that Fred will join a
solid board and executive team and I wish him well in further growing Anglo
Platinum"s role in the global platinum group metals business."
Responding to the appointment Fred Phaswana said: "This position comes at
an exciting time when Anglo"s performance is strong and the company has an
impressive pipeline of new projects, including platinum. I am pleased to
be part of this South African growth story and the enormous value platinum
will add to the Group and to South Africa.
In my new capacity I will continue to contribute to the achievement of
business and social investment imperatives, both essential ingredients for
the successful transformation of our society."
Phaswana sees Anglo Platinum as a well positioned leader in the industry
with exciting growth prospects and a key component of Anglo American"s
global growth. He believes platinum group metals are unique products that
solve environmental clean air challenges, feed a growing jewellery market,
the size of which can be directly influenced by the industry and are a
defining feature in Anglo American"s unique portfolio of assets.
For further information please contact
Trevor Raymond or Simon Tebele
+27 (0)11 373 6462 +27 (0)11 373 6865
+27 (0) 82 6548467 +27 (0) 83 2752751
Johannesburg
7 November 2006
Date: 07/11/2006 08:01:05 AM Produced by the JSE SENS Department
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