Anglo American Announces Changes to Top Management

(IDEX Online News) – Anglo American has made a number of changes, effective January 1, 2016, to its top management to enable what it calls, "a dedicated focus on both the group’s marketing business and the evolution of the strategy."

Among the changes, Bruce Cleaver, De Beers’ executive head of Strategy and Corporate Affairs, has been appointed group director – Strategy and Business Development and Gareth Mostyn, currently chief financial officer of De Beers, has been appointed executive head of Strategy and Corporate Affairs for the company.

Cleaver’s mandate includes the ongoing analysis of global economic and commodity specific trends to inform the group's strategy in a more volatile market environment. He will continue to serve on the board of De Beers as a non-executive director.

Anglo American said the appointment of a new chief financial officer of De Beers will be made in due course.

“The full potential of our marketing business is clear and is ever more important to realise,” said Mark Cutifani, chief executive of Anglo American.

“We welcome Bruce Cleaver to his new role as group director of Strategy and Business Development and look forward to the benefit of his experience from De Beers as we continue to flex our strategic thinking. We also congratulate Gareth Mostyn on his new role at De Beers.”