Anglo American streamlines leadership amid portfolio transformation

Anglo American (JSE: AGL) is streamlining its executive leadership team as it advances its strategic shift towards copper, premium iron ore, and crop nutrients. Effective July 1, the executive leadership team will be consolidated under a Chief Operating Officer, Ruben Fernandes, with Themba Mkhwanazi departing after overseeing the Valterra Platinum demerger. Additionally, The Capital Group Companies, Inc. have notified Anglo American that on June 11, 2025, their holding of voting rights attached to shares decreased. The total percentage of voting rights attached to shares now stands at 4.875565%, surpassing the notifiable threshold. This adjustment in leadership and shareholding structure corresponds with Anglo American's strategic moves, including the completed Valterra Platinum demerger and sales agreements for its steelmaking coal and nickel businesses.