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LONDON - Anglo American (JO:AGLJ) plc announced Wednesday it is streamlining its executive leadership team to reflect progress in simplifying its portfolio, following the completion of the Valterra Platinum demerger and agreed sales of its steelmaking coal and nickel businesses.
Effective July 1, Ruben Fernandes will be appointed Chief Operating Officer, consolidating all production businesses under one role. Themba Mkhwanazi, currently Regional Director for Africa and Australia, will step down at the end of June after overseeing the Valterra Platinum demerger.
CEO Duncan Wanblad stated, "We have made rapid progress with our portfolio simplification and we are on track to complete the strategic re-shaping of Anglo American to focus on our world-class positions in copper, premium iron ore and crop nutrients."
The restructured executive leadership team will consist of eight executives reporting to Wanblad, including the newly appointed COO, the heads of legal, people, projects, strategy, technical operations, and the CEOs of De Beers Group and Marketing.
Al Cook, CEO of De Beers Group, will remain part of the executive team until the planned separation of De Beers from Anglo American progresses further. The CEOs of Anglo American’s four production businesses in Brazil, Chile, Peru, and Kumba Iron Ore will report to the COO.
The reorganization aligns with Anglo American’s strategic shift to focus on key commodities after divesting several business units. Nolitha Fakude continues as Chair of Anglo American in South Africa, overseeing the company’s interests in the region.
This information is based on a press release statement issued by Anglo American.
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