23rd Feb 2005 09:08
Anglo American PLC23 February 2005 News Release 23 February 2005 Anglo American Board and Management Changes Non-Executive Directors Anglo American plc (Anglo American) announces that Sir David Scholey, anon-executive director since December 1999, has decided to retire at the AnnualGeneral Meeting (AGM) to be held on April 20, 2005. The election of Ralph Alexander as an independent non-executive director will beproposed at the AGM on 20 April 2005. Sir Mark Moody-Stuart, Chairman of Anglo American, said: "I would like to thankDavid on behalf of the board for his significant contribution to the affairs ofthe Group over the past five years. I am delighted that Ralph has agreed to jointhe board where his wide international experience of operating in a majorcapital-intensive business will be of great value to us." Mr Alexander said: "Anglo American is a world-class company and a recognisedleader in many fields. I look forward to contributing to its continued successas a non-executive director." Executive Directors and Executive Board Members Anglo American also announces that, at the AGM, it will propose the election ofDavid Hathorn and Simon Thompson, currently heads of Anglo American's Paper andPackaging and Base Metals business units respectively, as executive directors ofAnglo American, effective 20 April, 2005. At yesterday's board meeting the board also decided to change the name of AngloAmerican's Executive Committee to the Executive Board and appointed Tony Redmanand Lazarus Zim as members with immediate effect. Tony Trahar, Chief Executive of Anglo American, said: "It is with great pleasurethat I and my fellow directors are recommending to shareholders the election ofDavid and Simon to the Anglo American board. They bring with them significantexperience and expertise in the paper and packaging and base metals businessesand their appointments are part of a progressive programme of refreshing theboard. The appointment of Tony Redman (Technical Director and chairman of AngloCoal) and Lazarus Zim (CEO of Anglo American South Africa) to the ExecutiveBoard will further strengthen the executive team." The Executive Board is responsible for implementing the strategies and policiesdetermined by the board, managing the business and affairs of the Company,prioritising the allocation of capital, technical and human resources andestablishing best management practices. The Executive Board presently comprises: A J Trahar (chairman), B E Davison, D AHathorn, 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 Presidentof BP Petrochemicals in 2004, his former responsibilities at BP includedpositions as Executive Vice President and Chief Executive, Gas Power andRenewables and Group Vice President, Upstream responsible for Russia. He hasworked for BP since 1982 and prior to that worked at Exxon. His career at BP hasencompassed 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 inNuclear Engineering from the Polytechnic University in New York and an MA inManagement from Stanford University. He is 49. David Hathorn After studying Commerce and Chartered Accounting at the University of Natal inPietermaritzburg, David qualified as a chartered accountant in 1987 and joinedthe Anglo American Corporate Finance function in 1989. From 1993 to 1995 he wasFinance Director of Mondi Europe, became General Manager of Mondi Europe in1996, CEO of Mondi Europe in 2000 and finally Chairman and CEO of the MondiGroup in 2004. He is 42. Simon Thompson After studying geology at University College, Oxford, Simon worked for LloydsBank International from 1981 -1985 in the United Arab Emirates, Bahrain andEgypt. In 1985 he joined N M Rothschild & Sons Limited in London, where heworked 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 joinedMinorco as Head of Project Finance, moving to Sao Paulo in 1997 to becomePresident of Minorco Brasil. In 1999 he became CEO of Anglo American's newlyformed Zinc Division before being appointed CEO of Anglo Base Metals in 2001. Heis 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, whenhe returned to the Royal School of Mines to complete an M.Sc. In 1976 herejoined Anglo American at Vaal Reefs Gold Mine before moving to the Anglo CoalDivision in 1979 where he was appointed Managing Director in 1996 and Chairmanin 2002. In January 2005, Tony stood down as CEO of Anglo Coal to take up theposition of Group Technical Director of Anglo American, retaining theChairmanship of Anglo Coal. He is 56. Lazarus Zim Lazarus was appointed Chief Executive of Anglo American Corporation of SouthAfrica Limited (AACSA) on 1 February 2005. He joined AACSA as Deputy CEO inSouth 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 (BusinessEconomics) from Rand Afrikaans University. Before joining Anglo American, he wasManaging Director of MTN International where he led all MTN operations outsideSouth Africa including the establishment of MTN Nigeria. From 1994 to 2001 heheld several positions in the pay television group MIH where he became ChiefExecutive Officer of MIH South Africa responsible for M-Net, SuperSport,MultiChoice South Africa (DSTV) and Oracle Air Time Sales. He began his careerin small business development in the early 1980's. He is 44. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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