Anglo American Board and Management changes
23 February, 2005
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.
Non-Executive Directors
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.
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