International – Global diversified miner Anglo American announced on Wednesday that Paulo Castellari has stepped down from his position as CEO of Anglo American’s iron ore business in Brazil to pursue other opportunities.
“Castellari led the Minas-Rio project through its most critical stages over the last three and a half years, ensuring that the operation was delivered safely and within its revised timeline and budget,” Anglo American chief executive Mark Cutifani said.
“Minas-Rio is now progressing through its 18-month ramp-up phase and I understand Paulo’s decision to move on to other opportunities at this stage. Paulo has agreed to stay with the business until the end of the year and we wish him well for the future,” Cutifani added.
Meanwhile, Anglo American announced a number of additional senior management changes aimed at enabling the company to focus on both the group’s marketing business and the evolution of the strategy as Cutifani believes that the full potential of Anglo’s marketing business is clear and is ever more important to realise.
Peter Whitcutt has been appointed as CEO of Anglo American’s marketing business, having served as group director of strategy, business development and marketing since 2013.
Whitcutt will focus on delivering the full potential of the marketing business which has delivered considerable commercial benefits to date that reflect product qualities and logistics tailored to customers’ specific requirements.
Replacing Whitcutt, Bruce Cleaver has been appointed the new group director of strategy and business development, having served as executive head of strategy and corporate affairs for De Beers, joining De Beers in 2005.
Cleaver’s mandate includes the ongoing analysis of global economic and commodity specific trends to inform the group’s strategy in a more volatile market environment and will continue to serve on the board of De Beers as a non-executive director.
Further, Gareth Mostyn, currently CFO of De Beers, is being appointed as executive head of strategy and corporate affairs for De Beers.
The appointments detailed above are effective 1 January 2016, although Mostyn will fulfill his year-end reporting commitments as CFO, while the appointment of a new of De Beers will be made in due course.