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December, 9, 2016

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Anglo American CEO Carroll to quit in wake of S. Africa violence

LONDON -- Global miner Anglo American, hit by violent strike action in South Africa, said on Friday that Cynthia Carroll was stepping down as its chief executive.

"It is a very difficult decision to leave, but next year I will be entering my seventh year as chief executive and I feel that the time will be right to hand over to a successor who can build further on the strong foundations we have created," Carroll said in a company statement.

Anglo American said Carroll would remain in the post until the appointment of her successor.

The announcement of her decision to stand aside comes a day after Anglo American slashed its forecast for annual platinum production amid deadly strikes at the group's troubled South African operations.

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