FTSE 100-listed miner Anglo American today reported a 15 per cent decrease in half-year operating profit to $3.3bn (£2.2bn), alongside a shake-up of its management team.
The company’s ten business units will be consolidated into six groups and Tony O’Neill has been appointed group director – technical. He has 35 years of mining experience and recently served as joint acting chief executive and EVP – business and technical development at AngloGold Ashanti.
His appointment is effective from 1 September.
“We have announced a number of management changes for Anglo American to create a more efficient and agile organisation and provide clearer accountability across the senior team,” said chief executive Mark Cutifani.
“These decisive changes will enable us to drive through the necessary step change in operational performance and align our organisation tightly to our strategic objectives.”