Management changes at Anglo focused on marketing business

Anglo American has announced a number of senior management changes to enable dedicated focus on both the group's marketing business and the evolution of the strategy.

Paulo Castellari has decided to step down from his position as CEO of Anglo American's iron ore business in Brazil to pursue other opportunities.

Peter Whitcutt has been appointed as CEO of Anglo American's marketing business, having served as group director of strategy, business development and marketing since 2013. Whitcutt will focus on delivering the full potential of the marketing business which has delivered considerable commercial benefits to date that reflect product qualities and logistics tailored to customers' specific requirements.

Global trends

Bruce Cleaver has been appointed group director of strategy and business development, having served as executive head of strategy and corporate affairs for De Beers, joining De Beers in 2005. Cleaver's mandate includes the ongoing analysis of global economic and commodity specific trends to inform the group's strategy in a more volatile market environment. He will continue to serve on the board of De Beers as a non-executive director.

Gareth Mostyn, currently chief financial officer of De Beers, has been appointed as executive head of strategy and corporate affairs for De Beers. The appointments are effective 1 January 2016, although Mostyn will fulfil his year-end reporting commitments as CFO. The appointment of a new CFO of De Beers will be made in due course.