Anglo American plc has announced the appointement of Stuart Chambers as Chairman: he will join the Board of Anglo American as a non-executive director and Chairman Designate on September 1, 2017 and will take over as Chairman on November 1, 2017. Chambers succeeds Sir John Parker, who will step down from the Board on October 31, 2017, after having served for eight years as Chairman of Anglo American.

Earlier in the year, in February, Sir Parker had conveyed his intention to step down as Chairman during the course of the year. 

Until 2016, Chambers was Chairman of ARM Holdings plc and of Rexam plc. He has also, in recent years, served as a non-executive director on the boards of Smiths Group plc and Tesco plc, amongst others.

Sir John Parker, Chairman of Anglo American, said: “I am delighted to welcome Stuart Chambers to Anglo American as my successor as Chairman. Stuart’s breadth of global executive experience, in addition to chairing two FTSE 100 companies and serving on the board of several other international companies across the industrial, logistics and consumer sectors over the last 15 years, stands him in excellent stead.”

Stuart Chambers said: “It is a great privilege to be appointed Chairman of a company as iconic as Anglo American, in this its centenary year. Anglo American has emerged from the commodity price downturn more resilient and with a renewed sense of purpose, both strategically and in terms of the role it plays in society. I am really looking forward to working with the Board and the executive team led by Mark Cutifani to ensure that Anglo American continues to go from strength to strength.”

Mark Cutifani, Chief Executive of Anglo American, added: “I am looking forward to working with Stuart as we continue our rebuilding of Anglo American. Stuart has led and chaired major global businesses with many parallels to our organisation, in areas such as manufacturing process and technology led innovation. We have materially restored Anglo American’s balance sheet and transformed the business performance over the last three years, and our task now is to unlock the very considerable value that we can see from our world-class asset base. Sir John Parker has chaired Anglo American through challenging times with his trademark even hand and focus on the critical business issues. I have valued his guidance enormously. On behalf of all our employees around the world and the Board, I thank Sir John for his tireless leadership over the past eight years and wish him the very best for the future.”