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Anglo Platinum Chairman announced

Cynthia Carroll’s appointment, which will take effect from 1 September 2010, follows Fred Phaswana’s resignation as Chairman of Anglo Platinum with effect from 31 August 2010.
 Cynthia Carroll
 
 
Cynthia Carroll’s appointment, which will take effect from 1 September 2010, follows Fred Phaswana’s resignation as Chairman of Anglo Platinum with effect from 31 August 2010.

The Anglo Platinum Board has unanimously supported the appointment of Cynthia Carroll as Chairman, following her nomination by Anglo American plc. Anglo American is the majority shareholder of Anglo Platinum and the appointment of Cynthia Carroll as Chairman continues the approach of drawing the Anglo Platinum Chairman from the Anglo American Board, of which Fred Phaswana was also a member for almost seven years.

The Board has also appointed Valli Moosa as Deputy Chairman and Lead Independent Non-executive Director and Chairman of the Governance Committee.

Phaswana said: “Our shared views and close working relationship give me great confidence that Cynthia will continue to work highly effectively with the rest of the Board and will provide continuity of leadership for Anglo Platinum.

“This appointment deeply affirms Anglo American’s commitment, not only to Anglo Platinum, but to South Africa as a whole and I have no doubt that Cynthia Carroll’s intimate knowledge of the business and understanding of the broader landscape position her well for her new role as Chairman.”

Carroll added: “I look forward to leading the Board in support of the management team’s strategy that is in place to deliver maximum value to all of Anglo Platinum’s shareholders."

Neville Nicolau, CEO of Anglo Platinum, concluded: "We are delighted to welcome Cynthia and Valli to their new roles and I look forward to their continued advice, support and leadership as we continue to deliver on our strategy. I have worked closely with Cynthia since I became CEO of Anglo Platinum, during a time when we have achieved a significant restructuring and operational turnaround of the world’s leading platinum company."

Edited by Chris Farnell

Source: www.angloamerican.co.uk



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