Global mining company and world’s largest producer of platinum Anglo American Plc. (LON: AAL) has appointed Duncan Wanblad as its new chief executive officer to replace outgoing chief executive Mark Cutifani, who is set to leave the company next year April having worked for the company for almost 10 years.
Around two years ago, Wanblad was appointed the company’s group director of strategy and business development. Prior to this, Wanblas was serving as the CEO of Anglo American’s base metals business for the period between 2013 and 2019.
The current CEO is set to retire during the company’s annual general meeting slated for April 22 next year. Thereafter, the incoming chief executive, Wanblad will take over the lead position in the company with immediate effect.
Cutifani leaves the company with his head up high as he has achieved remarkable results during his tenure at the helm of the mining company. During his first years as the CEO, Cutifani managed to reduce the company’s debt profile by 50%.