(Alliance News) - Anglo American PLC on Wednesday said it will consolidate its production businesses into two regions, effective from July 1, and is reorganising its senior management team to lead the change.
The London-based mining company said the output business will be split into two regions - the Americas, and Africa & Australia. Each will be led by a regional director. Ruben Fernandes will take charge of the Americas division and will be based in Brazil, and Themba Mkhwanazi will serve as regional director for Africa & Australia and will be based in South Africa.
Anglo American said in their role, the regional directors are "accountable for safe and responsible operations, optimising current performance, future options and commercial value", adding that they will "ensure effective functional support and service delivery to their operations in each country".
Anglo American added that Finance Director Stephen Pearce will retire this year after serving since 2017. The process to appoint his successor is underway.
Over the last year, Anglo American has been "refreshing" its executive team to deliver its "full potential" as it focuses on sustainable value creation, it said.
Chief Executive Officer Duncan Wanblad said: "We are re-organising how we manage our production businesses and the functional expertise that supports them to drive safe and consistent operational excellence and enhanced value."
Shares in Anglo American were down 0.4% at 2,257.00 pence each in London on Wednesday morning and down 0.4% at ZAR556.40 in Johannesburg.
By Sabrina Penty, Alliance News reporter
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Anglo American (AAL)