(Alliance News) — Anglo American PLC announced Wednesday that it will consolidate its manufacturing operations in two regions starting July 1, and that it is reorganizing its management team to implement the change.
The London-based miner said production activities would be divided into two regions – the Americas, Africa and Australia. Each will be headed by a Regional Director. Ruben Fernandez will be responsible for the Americas division and will be based in Brazil, and Themba Mkhwanazi will be the Regional Director for Africa and Australia and will be based in South Africa.
Anglo American said regional directors are “responsible for the security and accountability of operations, improving current performance, future options and business value,” adding that they will “provide effective functional support and service provision to their operations in each country.”
Anglo American added that Chief Financial Officer Stephen Pearce will retire this year after serving since 2017. The process of appointing his successor is ongoing.
Over the past year, she said, Anglo American has “modernized” its management team to achieve its “full potential” as it focuses on creating sustainable value.
CEO Duncan Wanblad said: “We are re-engineering the way we run our production business and the functional expertise that underpins it to deliver safe, consistent operational excellence and drive value.
Anglo American shares were down 0.4% at 2,257.00 pence each in London on Wednesday morning, and down 0.4% at 556.40 ZAR in Johannesburg.
By Sabrina Penty, Alliance News correspondent
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