Anglo American plc announces that Nicky Oppenheimer has notified the Board of his wish to retire from his position as a non-executive director, after 37 years on the Board of Anglo American plc and its predecessor companies. 

Mr Oppenheimer will step down from the Board at the conclusion of Anglo American’s Annual General Meeting to be held on 21 April 2011.

Sir John Parker, Chairman of Anglo American, said: “On behalf of the Board, I would like to express our thanks to Nicky for his significant contribution to Anglo American over so many years. Anglo American’s origins in South Africa more than 90 years ago lay in the hands of Nicky’s grandfather and that legacy lives on.

Sir Ernest’s commitment that Anglo American should make a positive and sustainable difference to the communities around its mining operations remains deeply embedded in the way we do business. We will miss Nicky’s wise counsel, sound business sense and integrity. We wish him well and look forward to a continued strong relationship through our respective interests in De Beers”.

 



Nicky Oppenheimer said: “Anglo American has been in the psyche of every member of my family since the company was founded nearly a century ago. During my 40 years with Anglo, first as an employee and then as a director, I have been lucky enough to participate in many transformational decisions. However there comes a time when it is right to stand aside and allow others to carry the baton. For me that time is now. Anglo American is a remarkable company, with a great heritage, and I wish the Board and the executive team every success in the future.”

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