(Alliance News) — Anglo American plc said Wednesday it will consolidate its manufacturing operations in two regions effective July 1 and reshuffle its senior management team to lead the transition.
The London-based miner said its production operations would be split into two regions, the Americas and Africa and Australia. Each region is headed by a Regional Director. Ruben Fernandez will be in charge of the Americas division and will focus on Brazil. Themba Makwanazi will be Regional Director for Africa and Australia and will be based in South Africa.
Anglo American said they will “provide effective operational support and service to their operations in each country” to “enhance safe and responsible operations, current performance, future options and business value”.
Anglo American added that CFO Stephen Pearce will retire this year, having served since 2017. The process to name his successor is underway.
Over the past year, Anglo American has “renewed” its management team to unleash its “full potential” while focusing on sustainable value creation, the company said.
CEO Duncan VanBlatt said: “We are reshaping the way we manage our manufacturing businesses and the operational expertise that supports them to deliver safe and sustainable operational excellence and increased value.”
Anglo American shares were down 0.4% on Wednesday morning at 2,257.00 pence apiece in London and 0.4% lower at ZAR556.40 in Johannesburg.
By Sabrina Bendy, Alliance News Correspondent
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