Anglo American plc has announced that the company’s Finance Director, has informed the Board of his decision to retire in 2017, in order to enable an orderly succession.
The Board is beginning the process to appoint a successor, which will include internal and external candidates. Mr Médori will continue to serve in role until the appropriate time to ensure a smooth transition.
Sir John Parker, Chairman of Anglo American, said: “On behalf of the Board of Anglo American, I would like to thank René for his dedication and tremendous contribution over more than a decade. The cyclicality of the mining industry presents the widest array of challenges and René’s professionalism has served the Company well.”
Mark Cutifani, Chief Executive of Anglo American, added: “René has served Anglo American with the utmost loyalty and we understand his decision to step back in due course. I have been personally grateful for his support following my appointment as Chief Executive and in helping to establish the roadmap to a new Anglo American.”
René Médori commented: “It has been a great privilege to serve as Finance Director of Anglo American. With a clear strategy in place and with our asset disposal programme expected to be well advanced by the time I step down, now is the right time for the Board to consider my successor.”
Edited from press release by Angharad Lock