Cutifani joins Anglo American
Mr Cutifani will start work at Anglo American on April 3, five months after Cynthia Carroll quit the post in late October.
Anglo American is not listed in Australia but operates coal, gold and manganese assets across most of the nation's states, including Queensland, Western Australia, Tasmania and New South Wales.
There has been speculation in recent months that Ms Carroll's replacement may be forced to break up the company by selling off assets to rival mining majors.
Mr Cutifani was an outspoken critic of the Labor Party's plan to introduce a resource super profits tax in 2010. The plan was watered down to the Minerals Resource Rent Tax now in place.
Generational change is sweeping through the mining sector, with leadership changes recently taking place at North American gold majors Barrick and Newmont.
Rio Tinto chief financial officer Guy Elliott will retire at the end of 2013, while BHP Billiton chief executive Marius Kloppers is widely expected to end his tenure at the company within the next 12 months.
In other appointments, Fortescue Metals Group announced on Tuesday that David Woodall would assume the role of operations director on January 14.
Frequently Asked Questions about this Article…
Mark Cutifani is an Australian mining executive who has officially assumed the top job as chief executive of Anglo American PLC, the long-expected appointment confirmed when he resigned from his CEO role at ASX‑listed AngloGold Ashanti.
The article says Cutifani will start work at Anglo American on April 3. His appointment was confirmed when he resigned from the chief executive position at AngloGold Ashanti.
Anglo American is not listed in Australia, but it operates coal, gold and manganese assets across most Australian states, including Queensland, Western Australia, Tasmania and New South Wales.
Yes — the article notes speculation that the replacement for Cynthia Carroll (and by extension new leadership) may be forced to break up the company by selling off assets to rival mining majors.
Cutifani was an outspoken critic of the Labor Party's plan to introduce a resource super profits tax in 2010. The plan was later watered down into the Minerals Resource Rent Tax, which is now in place.
The article describes a generational change sweeping the sector, noting leadership changes at North American gold majors Barrick and Newmont, Rio Tinto CFO Guy Elliott retiring at the end of 2013, and BHP Billiton CEO Marius Kloppers widely expected to end his tenure within the next 12 months.
Fortescue Metals Group announced that David Woodall will assume the role of operations director on January 14.
According to the article, these executive changes signal a wider generational shift in mining leadership and could lead to strategy changes — including possible asset sales or restructures at major companies. Investors should note, however, that Anglo American itself is not listed in Australia even though it operates local assets.
Call 1300 880 160
Start a chat
Schedule a call
