'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.

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