Business Day
*Carroll resigns as CEO of Anglo American*** *Allan Seccombe, Business Day, Johannesburg, 26 October 2012*ANGLO American CEO Cynthia Carroll resigned her position as head of one of the world's major diversified resources companies, saying she felt it was the right time to step down.
"It is a very difficult decision to leave, but next year I will be entering my seventh year as chief executive and I feel that the time will be right to hand over to a successor who can build further on the strong foundations we have created," Ms Carroll said in a statement.
She will remain as CEO until a replacement is found. The board has agreed to her decision. She will step down as the chairwoman of Anglo American Platinum and De Beers when she is no longer Anglo CEO. Anglo owns 80% and 85% of those two companies respectively.
Ms Carroll joined Anglo in January 2007 and was appointed CEO in March of that year.
Anglo's chairman, Sir John Parker, who will lead the search for her replacement, said her leadership had been transformational for the company.
"She developed a clear strategy, based on a highly attractive range of core commodities, and created a strong and unified culture and a streamlined organisation with a focus on operational performance," he said.
*From: http://www.bdlive.co.za/business/mining/2012/10/26/carroll-resigns-as-ceo-of-anglo-american*
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