'More poodle than bulldog': Anglo American's management shakeup leaves the market cold | Business

Anglo American has announced a number of changes to its senior management team and its organisation, but the shakeup has failed to stir much excitement in the market.

While Anglo's long-serving finance director, Stephen Pearce, remains on board for now, he has had indicated his intention to retire this year and a process to appoint a successor is now under way. "We have been refreshing the executive team steadily over the last 12 months and we welcome this new generation of Anglo American’s leadership. As a team, we are embarking on our next phase of sustainable value creation," said Anglo CEO Duncan Wanblad in a statement."We are reorganising how we manage our production businesses and the functional expertise that supports them to drive safe and consistent operational excellence and enhanced value.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Anglo American taps industry veteran to head its Africa and Australia businessesThemba Mkhwanazi, a vice president of Minerals Council SA, has previously served as CEO of Kumba Iron Ore
Source: BDliveSA - 🏆 12. / 63 Read more »

Tongaat creditors approve business rescue plan for property development arm | BusinessCreditors of embattled sugar producer Tongaat Hulett on Tuesday almost unanimously voted in favour of the rescue plan for the company's property arm, which is to be wound down. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »

SARS corruption: After 9 years, a reckoning for US consultancy Gartner | BusinessA decade after it subcontracted work to a politically connected company, US consultancy firm Gartner has been fined around R50 million for a 'corrupt arrangement' linked to the SA Revenue Service. | JanTamb News24_Business
Source: News24 - 🏆 4. / 80 Read more »

BUSINESS REFLECTION: Did the SA Reserve Bank make a mistake by increasing interest rates this time?There is an old saying that at a certain point, prices rise so fast, it’s difficult to even pay attention. SA is currently deep into that territory, and it’s absolutely no joke.
Source: dailymaverick - 🏆 3. / 84 Read more »

Accused of corruption, Econ Oil pushes to get off Eskom's supplier blacklist | BusinessEcon Oil and Energy, a former supplier of fuel oil to Eskom's power plants, has asked the Competition Tribunal to help get it off of the utility's blacklist, pending the outcome of an ongoing investigation by the Competition Commission. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »