Mark Cutifani

Global mining company Anglo American has announced the replacement for departing chief executive Mark Cutifani.

Anglo American, owner of diamond mining company De Beers, revealed that Duncan Wanblad will now assume the role of chief executive and will also join the Anglo American board.

Mark Cutifani will retire as and step down from the board (active 19 April 2022) at the upcoming AGM after nine years in the role. He will remain an employee of the company until the end of June in order to support the transition.

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Commenting on Mr Wanblad’s appointment, Stuart Chambers, chairman of Anglo American, said: “Duncan Wanblad is the standout and natural successor to Mark Cutifani, bringing his 30 years of international mining experience and deep understanding of Anglo American, its culture and its context.

“In both executive and non-executive roles spanning most of Anglo American’s businesses, Duncan has been integral to shaping the strong competitive position of the company today.

“Following a rigorous global process to identify Mark’s successor, including those on our internal succession plan, the board felt that Duncan is uniquely qualified to take Anglo American on the next phase of improvement and to deliver what is one of the industry’s leading growth stories.

“On behalf of the board, we congratulate Duncan on his appointment as chief executive.”

Duncan Wanblad said of his appointment: “I am honoured that the board has given me the opportunity to lead this great company and our wonderful colleagues around the world.

“Having started my career underground as a junior engineer, I have never lost sight of what it takes to produce the metals and minerals that are ever more vital to support our life on this planet.

“Our responsibility to do so safely and sustainably, including meeting our employees’ and stakeholders’ expectations of us, has never been greater.

“Through the way we work, the technologies we are deploying to drive us towards our sustainability goals, and the breadth of opportunities I can see, we are determined to live up to that promise.”

Paying tribute to Mark Cutifani’s leadership, Stuart Chambers added: “The board’s appointment of Mark Cutifani was an inspired decision that has served Anglo American and all its stakeholders well over almost a decade.

“Beyond his unquestionable mining expertise, his personal qualities as a leader to inspire people towards an ambition are second to none.

“He has led his executive team with distinction through thick and thin to transform Anglo American’s performance and prospects, helping build a culture of self-belief and resilience.

“Mark’s legacy in the areas of safety, the power of engagement, and his vision for a very different and sustainable future for mining enabled through technology, deserve particular recognition.

“The board is enormously grateful to Mark for his unerring commitment and all that he has achieved.”

Reflecting on his tenure as chief executive, the departing Mark Cutifani added: “There has been no greater privilege for me than leading Anglo American and our incredible people.

“Together, we have transformed our competitive position and led the way towards a very different future for mining – a safer, smarter future that delivers enduring value for all our stakeholders.

“By delivering our promises, we have established the credibility and capabilities that are the foundation for Anglo American’s next phase of growth. I can think of no better leader than Duncan to pick up the baton and pursue the many opportunities that lie ahead for our business.”