Anglo American FD Stephen Pearce to retire this year


FD Stephen Pearce has announced his intention to leave Anglo American after six years in the role.

Stephen Pearce has indicated his intention to retire as Anglo American’s finance director this year, after being in the role since 2017.

Anglo American recently underwent a number of senior management changes as it reorganises the way it manages its production business and the expertise that supports it. “We are building on the significant progress we have made in recent years to further improve our portfolio of world-class assets and deliver our growth potential,” said CEO Duncan Wanblad in a statement.

He explained that the company had been steadily refreshing its executive team over the last 12 months, and welcomed the new generation of Anglo American’s leadership.

“As a team, we are embarking on our next phase of sustainable value creation.”

The company has started the process to appoint Stephen’s successor, who will become part of the new leadership team.

New leadership

Al Cook joined as CEO of De Beers in February, Alison Atkinson took up her role as projects and development director in May and Monique Carter joins as people and organisation director. Helena Nonka will lead a combined strategy and sustainability team, while Richard Price leads a combined legal and corporate affairs team.

Duncan revealed that the company’s production businesses will be consolidated into two regions, which will be led by a regional director. Ruben Fernandes will be responsible for the Americas region, and Themba Mkhwanazi will be responsible for the Africa and Australia region.

Some of the changes also saw Anik Michaud and Didier Charreton leave the company.

“The fundamental demand outlook for responsibly sourced metals and minerals is ever more compelling. I believe that we are well positioned to produce and grow into the two major demand trends of economic decarbonisation and the needs of a growing and urbanising global population – from homes and electronics to food and luxuries. The changes we have announced today create the senior team and organisational structure that I believe will lead us to deliver our full potential,” Duncan concluded.

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