Anglo American Appoints New CEO

The Globe and Mail reported that Anglo American PLC (PINK:AAUKY) has appointed Mark Cutifani as the new CEO. Mr. Cutifani faces tough challenges ahead, particularly with the company’s platinum arm in South Africa.

As quoted in the market news:

Mr. Cutifani takes over just as Anglo prepares to unveil plans later this month for platinum arm Amplats, the world’s largest producer of the precious metal, which has been battered by the wave of strikes that hit the South African industry last year, as well as escalating costs and weak European demand.

Click here to read the full The Globe and Mail report.