Press Release Archive - 2002

Anglo American plc announces that Sir Mark Moody-Stuart KCMG has joined its Board as a Director. The Board proposes to elect Sir Mark as its Chairman in succession to Julian Ogilvie Thompson who will retire at the end of November 2002.

Sir Mark is a director of The "Shell" Transport and Trading Company plc, of HSBC Holdings plc and of Accenture Ltd. He was Chairman of the Committee of Managing Directors of the Royal Dutch/Shell Group from 1998 to 2001. In this role he oversaw a major corporate reorganisation, delivered a radical cost reduction programme, significantly improved return on capital employed as well as leading a rethink of the Group's relationship with its stakeholders. Prior to this he had been a member of Shell's Committee of Managing Directors from 1991.

Sir Mark is Chairman of Business Action for Sustainable Development, a group set up between the International Chamber of Commerce and the World Business Council for Sustainable Development to ensure that business is able to make a positive contribution to the forthcoming World Summit in Johannesburg. He is also a member of the UN Secretary General's Advisory Council for the Global Compact, an initiative which promotes business action in support of human and labour rights and the environment. In 2000, Sir Mark served as Co-Chairman of the G8 Energy Task Force.

Sir Mark is 61. He was born in Antigua and is married with four children. He holds a PhD from Cambridge University and most of his working life has been spent in developing countries, including Africa.

Welcoming the appointment, Julian Ogilvie Thompson commented: "Sir Mark Moody-Stuart is a hugely respected figure in business and in sustainable development. His sense of strategy, judgement and ability to reach out to those with different opinions are very significant assets. His career in the natural resources sector and long international experience will be of great value to Anglo American in the coming years."

Sir Mark Moody-Stuart commented "Anglo American has undergone a remarkable transformation in recent years as it has become a truly global player. I look forward to participating in the process of building on the strong South African base while growing the business around the world. Anglo American has a strong tradition of social involvement and is applying this increasingly to the new challenges of corporate responsibility and sustainable development."

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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 gold, platinum group metals and diamonds, with significant interests in coal, base and ferrous metals, industrial minerals and forest products. The group is geographically diverse, with operations in Africa, Europe, South and North America and Australia. (www.angloamerican.co.uk)

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