Former Anglo American boss Cynthia Carroll joins Glencore’s board

Former Anglo American boss Cynthia Carroll joins Glencore’s boardCynthia Carroll joined Glencore's board of directors earlier this month. She was the first non-South African and first female chief executive of Anglo when she was appointed in 2007. (Image courtesy of FT/YouTube.)

Miner and commodities trader Glencore (LSE: GLEN) has added a third female director to its nine-person board, appointing former Anglo American (LSE: AAL) chief executive Cynthia Carroll to its board.

Carroll, who led Anglo American for more than five years until she stepped down in 2013, has vast experience in the sector. While at Anglo’s helm, she was one of only four female CEOs among FTSE-100 companies and the first woman to take the top position at the diversified miner when she joined it in 2007. 

Carroll was also the first non-South African and first non-insider to run the company founded in Johannesburg in 1917 by Sir Ernest Oppenheimer.

Her appointment as Glencore’s non-executive director comes as the company’s long-time CEO Ivan Glasenberg prepares to step down later this year. He will be replaced by Gary Nagle, head of the company’s coal assets 

Carroll is currently a non-executive director at Hitachi, Baker Hughes Company and Pembina Pipeline Corporation. Previous non-executive appointments have included BP, Vedanta and the Sara Lee Corporation. 

Glencore is looking for a new chairman to replace Tony Hayward, who cannot continue in his role much longer under the U.K.’s corporate governance code.

Glasenberg, who owns about 10% of Glencore, has said he doesn’t plan to be the company’s next chairman.


Be the first to comment on "Former Anglo American boss Cynthia Carroll joins Glencore’s board"

Leave a comment

Your email address will not be published.


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.