Nicky Oppenheimer retires from Anglo

Nicky Oppenheimer will retire as a non-executive director of Anglo American after 37 years on the board, the company announced on Friday.

“Mr Oppenheimer will step down from the board at the conclusion of Anglo American’s annual general meeting to be held on April 21 2011,” the company said in a statement.

“On behalf of the board, I would like to express our thanks to Nicky for his significant contribution to Anglo American over so many years,” said Sir John Parker, chairperson of Anglo American.

“Anglo American’s origins in South Africa more than 90 years ago lay in the hands of Nicky’s grandfather and that legacy lives on.”

‘Wise counsel’
He said they would miss Oppenheimer’s “wise counsel, sound business sense and integrity”.

Oppenheimer said the time was right to stand aside and pass on the baton.

“Anglo American has been in the psyche of every member of my family since the company was founded nearly a century ago.

“During my 40 years with Anglo, first as an employee and then as a director, I have been lucky enough to participate in many transformational decisions.

“However there comes a time when it is right to stand aside and allow others to carry the baton. For me that time is now.”

Anglo American is one of the world’s largest mining companies. It operates in Africa, Europe, South and North America, Australia and Asia. — Sapa

Staff Reporter
Guest Author
Advertisting

Lekwa municipality won’t answer questions about why children died in...

Three children are dead. More than a dozen homes have been gutted by fires in the past six months. And, as...

Failure to investigate TRC cases during the Mandela era delayed...

Counsel for late trade unionist Neil Aggett’s family decries the slow pace of instituting an inquest into his death

SANDF colonel accused of swindling colleagues in UN business scam

A senior soldier who is part of South Africa’s peacekeeping missions is accused by her colleagues of swindling them out of of hundreds of thousands of rands in a nonexistent business deal

Mass store and job cuts at Massmart

Changed market conditions and an appalling economy has hit low end cash-and-carry outlets
Advertising

Press Releases

South Africans unsure of what to expect in 2020

Almost half (49%) of South Africans, 15 years and older, agree or strongly agree that they view 2020 with optimism.

KZN teacher educators jet off to Columbia University

A group of academics were selected as participants of the programme focused on PhD completion, mobility, supervision capacity development and the generation of high-impact research.

New-style star accretion bursts dazzle astronomers

Associate Professor James O Chibueze and Dr SP van den Heever are part of an international team of astronomers studying the G358-MM1 high-mass protostar.

2020 risk outlook: Use GRC to build resilience

GRC activities can be used profitably to develop an integrated risk picture and response, says ContinuitySA.

MTN voted best mobile network

An independent report found MTN to be the best mobile network in SA in the fourth quarter of 2019.

Is your tertiary institution is accredited?

Rosebank College is an educational brand of The Independent Institute of Education, which is registered with the Department of Higher Education and Training.

Is your tertiary institution accredited?

Rosebank College is an educational brand of The Independent Institute of Education, which is registered with the Department of Higher Education and Training.

VUT chancellor, Dr Xolani Mkhwanazi, dies

The university conferred the degree of Doctor of Science Honoris Causa on Dr Xolani Mkhwanazi for his outstanding leadership contributions to maths and science education development.