Cutifani appointed as new head of Anglo American

After weeks of extensive speculation the announcement was made on the London and Johannesburg stock exchanges early on Tuesday morning.

Cutifani, who will take over on April 3, had been widely punted as a preferred choice, in the lead up to the announcement.

Large Anglo American shareholders such as the Public Investment Corporation, as well as Mineral Resources Minister Susan Shabangu, publicly stated their hope that a South African would get the top job. Roughly 37% of group assets are based in South Africa, and generate 55% of group operating profit according to the PIC.

Cutifani originally hails from Australia. However, he is nevertheless widely respected in the local industry, having successfully improved AngloGold Ashanti's performance after stepping into the position of chief executive at the company in 2007. He is the current president of the South African Chamber of Mines.

Carroll announced her resignation in October last year, following lack lustre performance by AngloAmerican, and in the wake of extensive labour unrest particularly in the South Africa's platinum mining sector.

In a press release, AngloAmerican chairperson, Sir John Parker said Cutifani was an experienced listed company chief executive "with a focus on creating value".

"He is a seasoned miner, with broad experience of mining operations and projects across a wide range of commodities and geographies, including South Africa and the Americas," said Parker.

Lynley Donnelly
Lynley Donnelly
Lynley is a senior business reporter at the Mail & Guardian. But she has covered everything from social justice to general news to parliament - with the occasional segue into fashion and arts. She keeps coming to work because she loves stories, especially the kind that help people make sense of their world.

Court date finally set for death in detention Haffejee inquest

Another apartheid-era death will be investigated after NPA pressured to finally act

State capture commission granted a 13-month extension

Judge Wendy Hughes says this is the final extension because finality is "owed to the nation"

DA’s Moodey joins leadership race

The head of the Democratic Alliance in Gauteng says he wants to take his experience to the national level

Press Releases

South Africa’s education system is broken and unequal, and must be fixed without further delay

The Amnesty International report found that the South African government continues to miss its own education upgrading targets

Business travel industry generates billions

Meetings Africa is ready to take advantage of this lucrative opportunity

Conferences connect people to ideas

The World Expo and Meetings Africa are all about stimulating innovation – and income

SAB Zenzele Kabili B-BBEE share scheme

New scheme to be launched following the biggest B-BBEE FMCG payout in South Africa’s history

TFSAs are the gymnasts of the retirement savings world

The idea is to get South Africans to save, but it's best to do your research first to find out if a TFSA is really suited to your needs

Achieving the litmus test of social relevance

The HSS Awards honours scholarly works based on their social relevance and contribution to the humanities and social sciences

Making sense of tax-free savings and investment

Have you made the most of your tax-free investment contributions?

Response to the report of the independent assessors

VUT welcomes the publishing of the report of the independent assessors to investigate concerns of poor governance, leadership, management, corruption and fraud at the university.