{"id":15913,"date":"2012-10-26T20:08:12","date_gmt":"2012-10-26T18:08:12","guid":{"rendered":"http:\/\/www.myza.co.za\/10\/update-4-anglo-ceo-cynthia-carroll-quits-as-share-price-lags\/"},"modified":"2012-10-26T20:08:12","modified_gmt":"2012-10-26T18:08:12","slug":"update-4-anglo-ceo-cynthia-carroll-quits-as-share-price-lags","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-4-anglo-ceo-cynthia-carroll-quits-as-share-price-lags\/","title":{"rendered":"UPDATE 4-Anglo CEO Cynthia Carroll quits as share price lags"},"content":{"rendered":"

\t\t<\/span><\/p>\n

* Carroll to remain in position until successor is appointed<\/span><\/p>\n

<\/span><\/p>\n

* BHP’s Vanselow, Xstrata’s Davis in frame as replacements<\/p>\n

<\/span><\/p>\n

* Shares rise over 4 percent on the news<\/p>\n

<\/span><\/p>\n

By Clara Ferreira-Marques and Sinead Cruise<\/p>\n

<\/span><\/p>\n

LONDON, Oct 26 (Reuters) – Anglo American’s Chief
\nExecutive Cynthia Carroll has quit after more than five years in
\nthe job, under pressure from investors over the mining group’s
\nlagging share price and continued dependence on strike-hit South
\nAfrica.<\/p>\n

<\/span><\/p>\n

A geologist by training, New Jersey-born Carroll ruffled
\nfeathers when she moved from the aluminium industry to become
\nthe first non-South African, the first woman and the first
\noutsider to take the top job at Anglo in 2007.<\/p>\n

<\/span><\/p>\n

Rejecting suggestions Carroll was pushed out, Chairman John
\nParker, her long-standing supporter, said there had been
\n“differences of opinion” with shareholders but the decision to
\nstep down was Carroll’s own, as she approached her seventh year
\nin a “very gruelling and demanding role”.<\/p>\n

<\/span><\/p>\n

“Institutional pressure has been building for some time to
\nreplace Cynthia, so the news will be welcomed,” one of Anglo’s
\n15 largest shareholders said.<\/p>\n

<\/span><\/p>\n

“Ultimately, running Anglo is one of the toughest jobs
\naround and, although Cynthia made a good start as CEO, the
\nfeeling is the company has gone backwards in the last two to
\nthree years.”
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

* Carroll to remain in position until successor is appointed * BHP’s Vanselow, Xstrata’s Davis in frame as replacements * Shares rise over 4 percent on the news By Clara Ferreira-Marques and Sinead Cruise LONDON, Oct 26 (Reuters) – Anglo American’s Chief Executive Cynthia Carroll has quit after more than five years in the job, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-15913","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15913","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=15913"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15913\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}