Anglo American chair Sir John Parker to stand down

Cape Town - Sir John Parker will be stepping down as the chairperson of Anglo American, the company announced on Tuesday.

Parker, who has served as chairperson for the past eight years, is expected to bow out some time this year when his successor his appointed.   

“Chairing Anglo American has been an enormous privilege and it has also appealed to my close interest in engineering, technology and corporate turnarounds. The ability of companies to adapt, innovate and think creatively about the role they can play in society is a key ingredient of long term competitive advantage. These are qualities at the heart of Anglo American’s DNA.”

Parker said the company, with its much restored balance sheet and competent board and management team, led by chief executive Mark Cutifani, is well placed for the future.

Sir Philip Hampton, Anglo American’s senior independent director, will lead a process to identify candidates with appropriate global listed company boardroom experience.