TIDMAAL
RNS Number : 0007I
Anglo American PLC
30 November 2022
30 November 2022
Anglo American senior leadership changes following Tony
O'Neill's decision to retire
Anglo American plc ("Anglo American") announces that Tony
O'Neill, Technical Director, has decided to retire and will step
down from his role and from the Group Management Committee on 31
December 2022, after more than nine years. Mr O'Neill will also
step down from the Board of Anglo American on the same date.
Duncan Wanblad, Chief Executive of Anglo American, said: "We
thank Tony O'Neill for his enormous contribution to Anglo American.
Tony's determined vision for a modern and more sustainable future
for the mining industry that embraces technology to transform
safety, productivity and our environmental footprint has shown us
what's possible. Given how critical the products of mining are to
people's everyday lives and to the urgent energy transition, it is
our duty to supply those products responsibly. Tony has set us
squarely on that path to fundamentally change for the better how
our stakeholders experience mining."
Stuart Chambers, Chairman of Anglo American, added: "Tony has
been a leading figure in the mining industry for many years,
articulating the need for change in many of the industrial
processes that have prevailed for decades and longer. His tenacity
has opened the door to a host of technologies and digital
applications that are increasingly relevant to sustain mining's
social licence to operate and improve the investment case for
accessing orebodies that are vital for future supply. On behalf of
the Board, we wish Tony a happy and long retirement."
Tony O'Neill commented: "I have felt so privileged to lead such
an inspiring team that has shared in my overwhelming desire to
change the future of mining for the better - for people and our
planet. I believe that Anglo American is well on the way to
realising the full value that is inherent in both the portfolio and
the capabilities we have built, as well as in the opportunities to
access and develop new resources to meet the increasingly apparent
demand trends. I thank my fellow GMC members, the Board and all my
colleagues across Anglo American for everything we have achieved
together."
Following Mr O'Neill's decision, the role will be divided into
two to facilitate the next phase of prioritisation for Anglo
American's technical disciplines to best support business
performance: Matt Daley is appointed as Group Director - Technical,
while the process to appoint the Group Director - Projects &
Development is well advanced, with an announcement to be made in
due course.
Group Director - Technical
Mr Daley will take up his new role as Group Director - Technical
and join the Group Management Committee of Anglo American with
effect from 1 January 2023.
Mr Wanblad added: "I congratulate Matt on his appointment,
responsible for driving best practice levels of operational and
technical excellence that will help us deliver safe and stable
production from our mineral assets - and on a repeatable basis. As
Group Head of Mining since 2017, Matt has led the transformation of
many of our in-mine activities, while demonstrating the potential
offered by achieving new benchmarks in equipment performance. Now
we must embed that mindset consistently across our sites, with
safety and reliability our primary focus."
Matt Daley said: "We have shown what we can achieve in our
mining operations through a deliberate and an innovative mindset to
set new performance benchmarks. I am excited to take on this new
role and to drive that momentum across all our operational
activities, from discovery to mining and processing. I believe that
we can deliver further productivity improvements across the board,
consistently and above all safely."
Remuneration arrangements
Tony O'Neill will step down from his role as technical director
and from the Board on 31 December 2022 and he has agreed to be
available to ensure a smooth handover until retiring on 30 June
2023. On his retirement, Mr O'Neill will receive good leaver
treatment in respect of outstanding share awards. His outstanding
LTIP awards will be pro-rated in respect of time served to 30 June
2023 and will vest at the normal time, to the extent that the
performance conditions have been satisfied. These arrangements are
in line with Anglo American's current remuneration policy and
practice. Mr O'Neill will continue to receive his normal salary,
pension and benefits up to 30 June 2023. He will not receive an
annual bonus or LTIP award for 2023. Following his retirement, Mr
O'Neill will be expected to maintain a holding of Anglo American
shares of three times his salary on cessation, for a period of two
years.
Full details of these remuneration arrangements will be set out
in the 2022 Directors' Remuneration Report.
This announcement satisfies Anglo American's disclosure
obligations in accordance with Listing Rule 9.6.11R.
Notes to editors:
Matt Daley is a mining engineer with more than two decades of
underground, open cut, smelting, refining, project and commodity
trading experience. He has lived and worked in Australia, South
America, North America, the UK and the Middle East. Prior to
joining Anglo American in 2017 as Group Head of Mining, Matt was
the Executive General Manager for Glencore Canada based in Toronto
and served as a non-executive director on the board of PolyMet
Mining. He has previously worked for Xstrata and Minera Alumbrera
and started his career with Mount Isa Mines in Queensland,
Australia. Matt holds a B.Eng. Mining Engineering (Hons) from the
University of South Australia and has completed post graduate
studies in Finance and Investment.
Following Mr O'Neill's retirement from the Board, Anglo
American's Board of Directors will comprise:
Chairman Executive directors Non-executive directors
Stuart Chambers Duncan Wanblad - chief Ian Ashby
executive Marcelo Bastos
Stephen Pearce - finance Hilary Maxson
director Hixonia Nyasulu
Nonkululeko Nyembezi
Ian Tyler
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Anglo American is a leading global mining company and our
products are the essential ingredients in almost every aspect of
modern life. Our portfolio of world-class competitive operations,
with a broad range of future development options, provides many of
the future-enabling metals and minerals for a cleaner, greener,
more sustainable world and that meet the fast growing every day
demands of billions of consumers. With our people at the heart of
our business, we use innovative practices and the latest
technologies to discover new resources and to mine, process, move
and market our products to our customers - safely and
sustainably.
As a responsible producer of diamonds (through De Beers),
copper, platinum group metals, premium quality iron ore and
steelmaking coal, and nickel - with crop nutrients in development -
we are committed to being carbon neutral across our operations by
2040. More broadly, our Sustainable Mining Plan commits us to a
series of stretching goals to ensure we work towards a healthy
environment, creating thriving communities and building trust as a
corporate leader. We work together with our business partners and
diverse stakeholders to unlock enduring value from precious natural
resources for the benefit of the communities and countries in which
we operate, for society as a whole, and for our shareholders. Anglo
American is re-imagining mining to improve people's lives.
www.angloamerican.com
For further information, please contact:
Media Investors
UK UK
James Wyatt-Tilby Paul Galloway
james.wyatt-tilby@angloamerican.com paul.galloway@angloamerican.com
Tel: +44 (0)20 7968 8759 Tel: +44 (0)20 7968 8718
Marcelo Esquivel Emma Waterworth
marcelo.esquivel@angloamerican.com Emma.waterworth@angloamerican.com
Tel: +44 (0)20 7968 8891 Tel: +44 (0) 20 7968
8574
South Africa Michelle Jarman
Nevashnee Naicker michelle.jarman@angloamerican.com
nevashnee.naicker@angloamerican.com Tel: +44 (0)20 7968 1494
Tel: +27 (0)11 638 3189
Sibusiso Tshabalala
sibusiso.tshabalala@angloamerican.com
Tel: +27 (0)11 638 2175
Forward-looking statements:
This document includes forward-looking statements. All
statements other than statements of historical facts included in
this document, including, without limitation, those regarding Anglo
American's financial position, business, acquisition and divestment
strategy, dividend policy, plans and objectives of management for
future operations (including development plans and objectives
relating to Anglo American's products, production forecasts and Ore
Reserve and Mineral Resource positions) and environmental, social
and corporate governance goals and aspirations, are forward-looking
statements. By their nature, such forward-looking statements
involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of
Anglo American or industry results to be materially different from
any future results, performance or achievements expressed or
implied by such forward-looking statements.
Such forward-looking statements are based on numerous
assumptions regarding Anglo American's present and future business
strategies and the environment in which Anglo American will operate
in the future. Important factors that could cause Anglo American's
actual results, performance or achievements to differ materially
from those in the forward-looking statements include, among others,
levels of actual production during any period, levels of global
demand and commodity market prices, mineral resource exploration
and development capabilities, recovery rates and other operational
capabilities, safety, health or environmental incidents, the
effects of global pandemics and outbreaks of infectious diseases,
the outcome of litigation or regulatory proceedings, the
availability of mining and processing equipment, the ability to
produce and transport products profitably, the availability of
transport infrastructure, the impact of foreign currency exchange
rates on market prices and operating costs, the availability of
sufficient credit, the effects of inflation, political uncertainty
and economic conditions in relevant areas of the world, the actions
of competitors, activities by courts, regulators and governmental
authorities such as in relation to permitting or forcing closure of
mines and ceasing of operations or maintenance of Anglo American's
assets and changes in taxation or safety, health, environmental or
other types of regulation in the countries where Anglo American
operates, conflicts over land and resource ownership rights and
such other risk factors identified in Anglo American's most recent
Annual Report. Forward-looking statements should, therefore, be
construed in light of such risk factors and undue reliance should
not be placed on forward-looking statements. These forward-looking
statements speak only as of the date of this document. Anglo
American expressly disclaims any obligation or undertaking (except
as required by applicable law, the City Code on Takeovers and
Mergers, the UK Listing Rules, the Disclosure and Transparency
Rules of the Financial Conduct Authority, the Listings Requirements
of the securities exchange of the JSE Limited in South Africa, the
SIX Swiss Exchange, the Botswana Stock Exchange and the Namibian
Stock Exchange and any other applicable regulations) to release
publicly any updates or revisions to any forward-looking statement
contained herein to reflect any change in Anglo American's
expectations with regard thereto or any change in events,
conditions or circumstances on which any such statement is
based.
Nothing in this document should be interpreted to mean that
future earnings per share of Anglo American will necessarily match
or exceed its historical published earnings per share. Certain
statistical and other information about Anglo American included in
this document is sourced from publicly available third party
sources. As such it has not been independently verified and
presents the views of those third parties, but may not necessarily
correspond to the views held by Anglo American and Anglo American
expressly disclaims any responsibility for, or liability in respect
of, such information.
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