Johannesburg - Anglo American has appointed British businessman, Stuart Chambers, as its next chairman to succeed Sir John Parker later this year. Parker announced in February his intention to step down during the course of the year after serving eight years as chairman.
Chambers was chairman of ARM Holdings and of Rexam until 2016. In recent years, Chambers has served as a non-executive director on the boards of Smiths Group and Tesco, amongst others, following an executive career at Nippon Sheet Glass, Mars Corporation and Shell, where he began his career as a chemical engineer.
He will join Anglo American board as a non-executive director and chairman designate on 1 September and will become chairman on 1 November. Parker lauded Chambers' experience and achievements as an executive.
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"Chambers' breadth of global executive experience, in addition to chairing two FTSE100 companies and serving on the board of several other international companies across the industrial, logistics and consumer sectors over the last 15 years, stands him in excellent stead," Parker said Chambers said he was honoured to be appointed chairman of a multi-national resource group as iconic as Anglo American, in this its centenary year.
"Anglo American has emerged from the commodity price downturn more resilient and with a renewed sense of purpose, both strategically and in terms of the role it plays in society," Chambers said. "I am really looking forward to working with the board and the executive team led by Mark Cutifani to ensure that Anglo American continues to go from strength to strength."
Anglo American chief executive, Cutifani, said he was looking forward to working with Chambers as they continue rebuilding the company. Cutifani also thanked Parker for chairing the miner "through challenging times with his trademark even hand".
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