ANGLO AMERICAN PLC - Anglo American re-organises senior management team to lead next phase of value delivery

Anglo American re-organises senior management team to lead next phase of value delivery

Anglo American plc (the “Company”)
Registered office: 17 Charterhouse Street, London EC1N 6RA
Registered number: 3564138 (incorporated in England and Wales)
Legal Entity Identifier: 549300S9XF92D1X8ME43
ISIN: GBOOB1XZS820
JSE Share Code: AGL
NSX Share Code: ANM

31 May 2023

Anglo American re-organises senior management team to lead next phase of value delivery

Anglo American announces a number of changes to its senior management team and to its organisation.

Duncan Wanblad, Chief Executive of Anglo American, said: “We are re-organising how we manage our
production businesses and the functional expertise that supports them to drive safe and consistent
operational excellence and enhanced value. We are building on the significant progress we have made in
recent years to further improve our portfolio of world class assets and deliver our growth potential – in
service of our commitments to our shareholders, employees and stakeholders, as a responsible producer
of future-enabling metals and minerals.

“We have been refreshing the executive team steadily over the last 12 months and we welcome this new
generation of Anglo American’s leadership. As a team, we are embarking on our next phase of sustainable
value creation.”

Al Cook joined as CEO of De Beers in February, Alison Atkinson took up her role as Projects & Development
Director in May and Monique Carter joins as People & Organisation Director. Helena Nonka will lead a
combined Strategy & Sustainability team, reflecting our resolute commitment to sustainability in its
fullest sense as an integral part of our strategy and portfolio decisions. Richard Price leads a combined
Legal & Corporate Affairs team, strengthening our integrated approach to our reputation across
interconnected stakeholders and our employees to support strategic delivery and business performance.

Stephen Pearce continues to lead the Finance team across the group but has indicated his intention to
retire during this year, having served as Finance Director since early 2017. The process to appoint his
successor is under way, with a further announcement in due course.

Anglo American’s production businesses will be consolidated into two regions: Americas and Africa &
Australia, each led by a Regional Director to be based in Brazil and South Africa respectively. They are
accountable for safe and responsible operations, optimising current performance, future options and
commercial value, in line with the Group’s strategy, and will work to ensure effective functional support
and service delivery to their operations in each country.

Regional Director, Americas – Ruben Fernandes
Regional Director, Africa & Australia – Themba Mkhwanazi
CEO of De Beers – Al Cook
CEO of Crop Nutrients – Tom McCulley
CEO of Marketing – Peter Whitcutt

The organisation to support both the governance and strategic delivery of the group as a whole and the
performance of the production businesses will be as follows:

Finance Director – Stephen Pearce (due to retire in 2023)
Technical & Operations Director – Matt Daley
Projects & Development Director – Alison Atkinson
Strategy & Sustainability Director – Helena Nonka
Legal & Corporate Affairs Director – Richard Price
People & Organisation Director – Monique Carter (takes up role on 5 June)

Duncan Wanblad added: “Several changes to the team reflect the long service of several of our senior
executives and a variety of personal circumstances. Anik Michaud, who has been instrumental over 15
years in shaping our brand, sustainability and thought leadership as critical underpins to employee and
stakeholder trust, has decided the time is right for her to develop the next phase of her career outside
Anglo American. Didier Charreton has decided to retire after almost eight years in which he has
transformed our people strategy, most notably in talent development and in creating a more inclusive
and diverse workplace for us all. We thank Anik and Didier for their immense contributions and wish
them well in their next endeavours.”

“Nolitha Fakude has led our strategic interests in South Africa with great skill for the last four years and,
before that, as a non-executive director on our Board. I am delighted that she will continue as Chair of
our management board in South Africa and lead a number of special projects in the national interest,
while also advising me and supporting Themba in his new regional role. We thank her for her ongoing
contribution.”

Duncan Wanblad concluded: “The fundamental demand outlook for responsibly sourced metals and
minerals is ever more compelling. I believe that we are well positioned to produce and grow into the two
major demand trends of economic decarbonisation and the needs of a growing and urbanising global
population – from homes and electronics to food and luxuries. The changes we have announced today
create the senior team and organisational structure that I believe will lead us to deliver our full potential.”

The organisational changes set out above take effect from 1 July 2023.

The CEOs of Anglo American’s businesses in Brazil (iron ore and nickel), Chile (copper) and Peru (copper)
will report via the Regional Director, Americas. The CEOs of Anglo American’s PGMs business, Kumba Iron
Ore and Australia (steelmaking coal) will report via the Regional Director, Africa & Australia.

Notes to editors:

From 1 July 2023, Anglo American’s Executive Leadership Team will comprise:

Duncan Wanblad – Chief Executive
Stephen Pearce – Finance Director
Al Cook – CEO of De Beers
Alison Atkinson – Projects & Development Director
Helena Nonka – Strategy & Sustainability Director
Matt Daley – Technical & Operations Director
Monique Carter – People & Organisation Director
Peter Whitcutt – CEO of Marketing
Richard Price – Legal & Corporate Affairs Director
Ruben Fernandes – Regional Director, Americas
Themba Mkhwanazi – Regional Director, Africa & Australia
Tom McCulley – CEO of Crop Nutrients

Monique Carter served as executive vice president People & Organisation for Novo Nordisk, the life
science and global healthcare company, for four years until 2023. Her global career experience spans
engineering, chemicals, manufacturing and retail. Prior to her most recent role, Monique was Group HR
Director at GKN, following a number of senior HR roles during her career at AkzoNobel and ICI. Monique
has a BA degree in Business & Psychology from the University of Luton, UK, and an Advanced Diploma in
Human Resource Management. She is a Chartered Member MCIPD of the Institute of Personnel &
Development, UK.

Anglo American is a leading global mining company and our products are the essential ingredients in
almost every aspect of modern life. Our portfolio of world-class competitive operations, with a broad
range of future development options, provides many of the future-enabling metals and minerals for a
cleaner, greener, more sustainable world and that meet the fast growing every day demands of billions
of consumers. With our people at the heart of our business, we use innovative practices and the latest
technologies to discover new resources and to mine, process, move and market our products to our
customers – safely and sustainably.

As a responsible producer of diamonds (through De Beers), copper, platinum group metals, premium
quality iron ore and steelmaking coal, and nickel – with crop nutrients in development – we are
committed to being carbon neutral across our operations by 2040. More broadly, our Sustainable Mining
Plan commits us to a series of stretching goals to ensure we work towards a healthy environment,
creating thriving communities and building trust as a corporate leader. We work together with our
business partners and diverse stakeholders to unlock enduring value from precious natural resources for
the benefit of the communities and countries in which we operate, for society as a whole, and for our
shareholders. Anglo American is re-imagining mining to improve people’s lives.

www.angloamerican.com

For further information, please contact:

 Media                                                      Investors

 UK                                                         UK
 James Wyatt-Tilby                                          Paul Galloway
 james.wyatt-tilby@angloamerican.com                        paul.galloway@angloamerican.com
 Tel: +44 (0)20 7968 8759                                   Tel: +44 (0)20 7968 8718

 Marcelo Esquivel                                           Emma Waterworth
 marcelo.esquivel@angloamerican.com                         Emma.waterworth@angloamerican.com
 Tel: +44 (0)20 7968 8891                                   Tel: +44 (0) 20 7968 8574

 Rebecca Meeson–Frizelle                                    Michelle Jarman
 Rebecca.meeson-frizelle@angloamerican.com                  michelle.jarman@angloamerican.com
 Tel: + 44 (0)20 7968 1374                                  Tel: +44 (0)20 7968 1494

 South Africa
 Nevashnee Naicker
 nevashnee.naicker@angloamerican.com
 Tel: +27 (0)11 638 3189

 Sibusiso Tshabalala
 sibusiso.tshabalala@angloamerican.com
 Tel: +27 (0)11 638 2175

The Company has a primary listing on the Main Market of the London Stock Exchange and secondary
listings on the Johannesburg Stock Exchange, the Botswana Stock Exchange, the Namibia Stock Exchange
and the SIX Swiss Exchange.

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Forward-looking statements:
This document includes forward-looking statements. All statements other than statements of historical facts included
in this document, including, without limitation, those regarding Anglo American’s financial position, business,
acquisition and divestment strategy, dividend policy, plans and objectives of management for future operations
(including development plans and objectives relating to Anglo American’s products, production forecasts and Ore
Reserve and Mineral Resource positions) and environmental, social and corporate governance goals and aspirations,
are forward-looking statements. By their nature, such forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results, performance or achievements of Anglo American
or industry results to be materially different from any future results, performance or achievements expressed or
implied by such forward-looking statements.

Such forward-looking statements are based on numerous assumptions regarding Anglo American’s present and
future business strategies and the environment in which Anglo American will operate in the future. Important factors
that could cause Anglo American’s actual results, performance or achievements to differ materially from those in the
forward-looking statements include, among others, levels of actual production during any period, levels of global
demand and commodity market prices, mineral resource exploration and development capabilities, recovery rates
and other operational capabilities, safety, health or environmental incidents, the effects of global pandemics and
outbreaks of infectious diseases, the outcome of litigation or regulatory proceedings, the availability of mining and
processing equipment, the ability to produce and transport products profitably, the availability of transport
infrastructure, the impact of foreign currency exchange rates on market prices and operating costs, the availability
of sufficient credit, the effects of inflation, political uncertainty and economic conditions in relevant areas of the
world, the actions of competitors, activities by courts, regulators and governmental authorities such as in relation to
permitting or forcing closure of mines and ceasing of operations or maintenance of Anglo American’s assets and
changes in taxation or safety, health, environmental or other types of regulation in the countries where Anglo
American operates, conflicts over land and resource ownership rights and such other risk factors identified in Anglo
American’s most recent Annual Report. Forward-looking statements should, therefore, be construed in light of such
risk factors and undue reliance should not be placed on forward-looking statements. These forward-looking
statements speak only as of the date of this document. Anglo American expressly disclaims any obligation or
undertaking (except as required by applicable law, the City Code on Takeovers and Mergers, the UK Listing Rules, the
Disclosure and Transparency Rules of the Financial Conduct Authority, the Listings Requirements of the securities
exchange of the JSE Limited in South Africa, the SIX Swiss Exchange, the Botswana Stock Exchange and the Namibian
Stock Exchange and any other applicable regulations) to release publicly any updates or revisions to any forward-
looking statement contained herein to reflect any change in Anglo American’s expectations with regard thereto or
any change in events, conditions or circumstances on which any such statement is based.

Nothing in this document should be interpreted to mean that future earnings per share of Anglo American will
necessarily match or exceed its historical published earnings per share. Certain statistical and other information
about Anglo American included in this document is sourced from publicly available third party sources. As such it has
not been independently verified and presents the views of those third parties, but may not necessarily correspond
to the views held by Anglo American and Anglo American expressly disclaims any responsibility for, or liability in
respect of, such information.

Legal Entity Identifier: 549300S9XF92D1X8ME43

Date: 31-05-2023 09:00:00
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