METALS PEOPLE - Anglo American base metals CEO Wanblad to expand responsibilities

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Vivian Teovivian.teo@fastmarkets.comJoint News Editor - Asia

Singapore 27/05/2016 - Duncan Wanblad, CEO of Anglo American's base metals business, will add the strategy and business development portfolio of the company to his responsibilities from July, Anglo American said on Friday.

"Duncan Wanblad is the natural successor to our strategy and business development work, in addition to his existing base metals responsibilities which include copper as one of our major areas of focus," CEO Mark Cutifani said.

"His experience leading two of our three core businesses and his critical role in streamlining the group's other mining and industrial interests position him well to shape our longer term opportunities," he added. "This is a further step in our consolidation of the senior team, following the creation of the bulk commodities group under Seamus French [CEO of Anglo American's bulk commodities business]."

As part of an overhaul to its business, Anglo American said in February that it will focus on its core portfolio of diamond, platinum group metals and copper assets, while bulk commodities - which include coal and iron ore - will be "managed for cash generation or disposal".

Wanblad has been CEO of the company's base metals business since July 2013.

Meanwhile, Bruce Cleaver will be CEO of the company's De Beers Group effective July 2016 following Philippe Mellier's decision to step down after five years, Anglo American said in the same statement.



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