JOHANNESBURG – Anglo American announced yesterday a number of changes to the roles of its non-executive directors following the decisions of Sir Philip Hampton and Jack Thompson to step down from the board after nine years of service.
Hampton, one of UK’s senior business figures, will step down from the board on December 31 while Thompson will step down at the company's annual general meeting on April 30.
A non-executive director is no longer considered independent after they have served for more than nine years under the UK's Corporate Governance Code.
Anglo American said Byron Grote, a non-executive director, will succeed Hampton as senior independent director on January 1 while he continues in his role on the audit committee.
Anne Stevens, a non-executive director, will succeed Hampton and chair the remuneration committee on January 1 while non-executive director Ian Ashby will succeed Jack Thompson on the sustainability committee on April 30.
Chairman Stuart Chambers thanked Hampton and Thompson for their professionalism and dedication during their nine years on the board.