|Global mining company Anglo American plc (Anglo) has announced the appointment of a new company Chairman. Effective November 1st, Stuart Chambers will take over the position from Sir John Parker, who will have served eight years in the position. In February this year Parker announced his intention to step down from the chairmanship during the course of the year.
The Anglo announcement notes that Chambers was Chairman of ARM Holdings plc (a British multinational semiconductor and software design company) and of Rexam plc (a British-based multinational consumer packaging company) until 2016. In recent years, he has served as a non-executive director on the boards of Smiths Group plc and Tesco plc, amongst others, following an executive career at Nippon Sheet Glass (formerly Pilkington), Mars Corporation and Shell, where he began his career as a chemical engineer.
Commenting on the appointment of his successor, Anglo Chairman Sir John Parker says, "I am delighted to welcome Stuart Chambers to Anglo American as my successor as Chairman. Stuart's 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. On behalf of the Board, I thank Sir Philip Hampton for his leadership of the process to identify and appoint Stuart to the role and I wish Stuart and the entire Board every success."
Stuart Chambers said: "It is a great privilege to be appointed Chairman of a company 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. 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."
Mark Cutifani, Chief Executive of Anglo American, added: "I am looking forward to working with Stuart as we continue our rebuilding of Anglo American. Stuart has led and chaired major global businesses with many parallels to our organisation, in areas such as manufacturing process and technology led innovation. We have materially restored Anglo American's balance sheet and transformed the business performance over the last three years, and our task now is to unlock the very considerable value that we can see from our world-class asset base."Continues Cutifani: "Sir John Parker has chaired Anglo American through challenging times with his trademark even hand and focus on the critical business issues. I have valued his guidance enormously. On behalf of all our employees around the world and the Board, I thank Sir John for his tireless leadership over the past eight years and wish him the very best for the future."