Cynthia Carroll will stay in her role until a success is found.
Mining giant Anglo American announced last week that its chief executive Cynthia Carroll is set to step down from her role, with the board’s agreement.
Carroll is also chairman of Anglo American Platinum and De Beers and is set to stand down from her position at both organisations at the same time as she leaves Anglo American.
She has been at the helm of Anglo American for seven years and is expected to stay in her role until an appropriate success has been appointed and a transition period has been fulfilled.
Carroll joined the Anglo American board in 2007 and became chief executive in March that year. She is credited with leading the group through the financial crisis, achieving record profits for the mining group.
She said of leaving her role: “It has been a great honour to lead Anglo American. I am extremely proud of everything we have achieved during my period as chief executive and I will always retain enormous admiration and affection for this great company and its outstanding people.
“It is a very difficult decision to leave, but next year I will be entering my seventh year as chief executive and I feel that the time will be right to hand over to a successor who can build further on the strong foundations we have created.”
Anglo American’s chairman Sir John Parker said that Carroll’s leadership has transformed the company.
“She developed a clear strategy, based on a highly attractive range of core commodities, and created a strong and unified culture and a streamlined organisation with a focus on operational performance.
“Her legacy will include, among many other things, a step change improvement in safety, sustainability and the quality of our dialogue with governments, communities and other stakeholders. Her values represent the very best of Anglo American,” he explained.
Parker will oversee the search for Carroll’s successor, as well as the transition period thereafter.
To view a video interview with Carroll about her departure, click here.