Home > News > Anglo American names new chairman
Anglo American names new chairman

LONDON (Reuters) - Mining group Anglo American (AAL.L) (AGLJ.J), which has rebuffed a merger approach from rival Xstrata (XTA.L), has appointed veteran industrialist John Parker as chairman.

Anglo, which owns the world's biggest platinum producer, said on Friday Parker would join the board immediately and take up the post held by retiring Mark Moody-Stuart on August 1.

Parker is chairman of National Grid (NG.L) and also co-chairman of paper and packaging group Mondi (MNDI.L) (MNDJ.J).

Mondi, part of Anglo until demerged two years ago, said Parker would step down as chairman, but stay on until a successor was found.

Analysts have said a new chairman might be more inclined to open talks with Xstrata about its "merger of equals" proposal, which Anglo rejected as lacking value.

"Anglo American has many great strengths, including a portfolio of high quality mining assets, an impressive growth profile, substantial and well advanced efficiency programmes and a unique position in precious commodities," Parker said in a statement.

Media reports have said some Anglo shareholders believe Xstrata's management could do better at running the group.

Located directly above Bond Street tube, 5 mins from Oxford Circus tube. Location uniquely serves all mainline stations with direct tube links.
Only 40 mins by road from both Heathrow and London City airports.
Luton - 52 mins
Gatwick - 65 mins
Stanstead - 72 mins
Mayfair Point
(Corner of Oxford Street and South Molton Street)
34 South Molton Street
London W1K 5RG
Contact Us
Many businesses end up with work to do in London, and often an office space in the capital wouldn't go amiss. Luckily, they're as easy to book as it is to book a hotel room!
The recession has brought with it a number of problems even for the best of companies and there is no time like the present to look at the options that are available.

If you're considering any of our Office Services within Mayfair in London, then perhaps a bit more information will whet your appetite:




Mayfair Point Office Space London

(Corner of Oxford Street and South Molton Street)
34 South Molton Street
London W1K 5RG
Google Map

Contact Telephone: +44 02073 449700
Contact Email: info@mayfairpoint.com